The EBRD is ready to help Cyprus get out of a difficult situation

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The European Bank for Reconstruction and Development (EBRD) plans to finance projects in three areas, in order to help the banks in Cyprus, whose share of non-performing loans (NPLs) have reached more than 50%. The privatisation of parastatal projects, actively oppose the Cypriot trade unions and other infrastructure projects, so the finance project comes as a welcome relief.