INTERNATIONAL businesses are still using Cyprus as their base despite the tough terms of a 10 billion euro bailout agreement that featured a haircut on uninsured deposits in a bid to recapitalise the islands largest banks, accountants said yesterday. A delegation of the Institute of Certified Public Accountants of Cyprus (ICPAC) met with technocrats from the delegation of Cyprus international lenders, currently conducting the second review of the islands adjustment programme. Seven months after the Eurogroup decisions, most international companies have not fled Cyprus and the impression that a lot of bad things would descend upon us has not materialised Nicos Chimarides ICPAC vice chairman has said.
Posted on: Thu, 31 Oct 2013 15:40:16 +0000
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