Cyprus is on the right path to receive the next €1.5 billion tranche of its €10 billion bailout, according to a report by the European Commission.
Three months after a hastily agreed bailout package, the EU executive described the government's programme of economic reforms and spending cuts economic reform programme as beiig "on track".
"The authorities have taken decisive steps to stabilise the financial sector and have been gradually relaxing deposit restrictions and capital co...
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