Italian Loans Issue "Approaching Resolution"

Libya Herald reports that a breakthrough in the issue of the €600 million in loans claimed by Italian companies working in Libya during the Qaddafi era is expected shortly.

It is thought that an announcement will be made during Prime Minister Ali Zeidan’s visit to Italy in the coming weeks.

Foreign and International Cooperation Minister Mohamed Abdelaziz, who had talks in Rome on Monday with his Italian counterpart, Giulio Terzi (pictured), said:

"We are working hard to reach an agreement ... In the coming weeks we could have some good news".

He added that he believed "concrete steps could be taken" when Zeidan arrives.

Negotiations "are proceeding satisfactorily", agreed Terzi, according to a report from the Italian Foreign Ministry.

(Source: Libya Herald)

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