Cyprus' government spokesman says the president has appointed banker Vassos Shiarlis as the new Finance Minister following the resignation of the incumbent Kikis Kazamias due to health reasons.
According to AP, spokesman Stefanos Stefanou also said on Monday, March 19, that Neoclis Sylikiotis moves from the Ministry of the Interior to Commerce after the post was vacated following the resignation of Praxoulla Antoniadou.
Stefanou said President Dimitris Christofias has tapped former Nicosia mayor Eleni Mavrou to take over the Interior Ministry.
Shiarlis, a senior official with island's largest lender Bank of Cyprus, assumes the crucial finance ministry post as the island struggles to cope with the impact of the debt crisis in neighboring Greece to its small economy.
