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€72m loan agreements for new Archaeological Museum to be signed in Nicosia

07:40 - 27 February 2025

Economy Reporter

High-ranking officials from the European Investment Bank (EIB) and the Council of Europe Development Bank (CEB) are in Cyprus for an official event to sign loan agreements worth €72 million with the Republic of Cyprus.

According to an official announcement, EIB Vice President Kyriakos Kakouris and CEB Deputy Governor Tomáš Boček will be in Nicosia for the signing of the agreements, which will provide financial support for the construction of the new Archaeological Museum in the capital.

On behalf of the Republic of Cyprus, the agreements will be signed by Finance Minister Makis Keravnos.

The signing ceremony will take place at the Ministry of Finance between noon and 1.30pm, with the attendance of government officials, including Transport, Communications, and Works Minister Alexis Vafeades and Deputy Minister of Culture Vasiliki Kassianidou.

During his visit, Kakouris will also present the financial results of the EIB Group for 2024.

(Source: CNA)

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