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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Cyprus to set up national hydrocarbons fund, Minister says

Posted on 22 November 2012

Commerce Minister Neoklis Sylikiotis has announced that the government has started the process of establishing a national hydrocarbons fund. Sylikiotis said the fund, to be established by law, will aim at creating conditions of equality and prosperity for the present and future generations of Cyprus.
Part of the fund’s shares will be directed towards the hydrocarbons’ industry, another part will go to the state budget, and a third part will be kept for the benefit of future generations, the Minister noted………………………………………..Full Article: Source


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