The Holy See reported about NZ$1.56 billion in net assets that had never been reported before, the Vatican’s final figures for 2014 showed. The accounts were produced using new reporting procedures that are more in line with international accounting standards. Last year, it was explained that the previously unreported assets did not represent “illegal, illicit Read more
Posts Tagged ‘assets’
Orthodox Church offers to bankroll government of Cyprus
Friday, March 22nd, 2013
The leader of the Orthodox Church in Cyprus has said he will mortgage its assets and invest in government bonds to help pave the way for an international bailout of the financially-troubled nation. The offer by Archbishop Chrysostomos II came after the country’s Parliament rejected a bill that would have allowed the government to seize Read more