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.
Author
Born in 1984 in Russia, in the city of Yekaterinburg (Sverdlovsk region). Since 2023, he has been living in Northern Cyprus. Education: Ural State University (UrGU, now UrFU), Faculty of Journalism. Specialization – journalist (2007). Professional experience: From 2003 to 2023, he worked in…
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