The Fiscal Council has urged the government to be wary of expenditure increases, which may be obligatory to face challenges but could derail the state’s finances. In its interim report, the financial
Cyprus is fast running out of space for housing, causing extreme hardship in society and widening the income gap, compounded by near-zero household wage growth. The problem has been exacerbated by the
Most of the state’s online services returned Wednesday after drying out following a water leak which flooded the basement of the Finance Ministry, knocking out e-governance servers and websites. Talking to state
A total of €21.3 mln in court fines from 26,889 cases in 2022 never made it to state coffers, with courts issuing warrants for police to either collect or take further action.
A three-day session of parliament to discuss the government’s 2023 state budget begins on Tuesday. The budget is the tenth and last under President Nicos Anastasiades’ administration. The budget provides for total
Over 270 people, mostly foreign investors eyeing a Cypriot passport, benefited from the reduced rate of 5% VAT for first-time home buyers instead of paying the standard 19% rate, with state coffers
Governments should provide the necessary support to increase energy supply from the Eastern Mediterranean, said ExxonMobil’s frontier exploration director Tristan Aspray. He told a panel discussion on energy supply and security in
Cyprus airports operator, Hermes, said it is offended by criticism over the extension of the 25-year concession agreement for Larnaca and Paphos airports. Hermes argues that the state has been rewarded €500
Among the difficulties the Republic has, and apart from the unforgiving bureaucracy, there are increasing problems in awarding public tenders for infrastructure and other projects. Each government tries to promote infrastructure projects
Ersin Tatar has the right as leader of the Turkish Cypriot community to have meetings, but the international relations of Cyprus are conducted by the Ministry of Foreign Affairs of the Republic,
