Kedipes needs another 3 years to repay state

The Cyprus Asset Management Company (Kedipes) has extended its life cycle by three years, with the aim of repaying €3.54 billion in state aid by 2030.

This extension followed delays caused by inflation, geopolitical tensions, and the pandemic, said  Kedipes Chairman Lambros Papadopoulos at a news conference. The business plan had an expiry date of 2027, which has now been extended to 2030, he said, explaining that external factors and divestment suspensions had delayed full repayment.