TRNC Government Increases Loan Limit for KIB-TEK
The Council of Ministers of the TRNC has approved an increase in the borrowing limit for the Northern Cyprus Electricity Authority (KIB-TEK). Under the official decision, the borrowing limit with TC Ziraat Bankası A.Ş. has been raised from 100 million Turkish lira to 570 million Turkish lira.
The explanatory note attached to the document indicates that the borrowed funds can be allocated for various payments and operational costs of the institution. The decision was approved on February 26, 2025, and is now legally effective.
© cyprus-faq.com: when copying this material in full or in part, a link to the source is required.
Only registered users can leave comments. To comment, log in to your account or create a new one →
You may also be interested in:
- Power outage in two settlements of Cyprus
- Those who use the property of Turkish Cypriots on the Greek Cypriot side will be arrested
- A new species of tick has been discovered in Turkey
- Turkey has become one of the most popular destinations for dental treatment among Russians
- "South Cyprus uses the property issue as a political weapon," said academic Emete Gözügüzelli.
