Cyprus Mail
Cyprus

House approves budgets for four SGOs

The House on Thursday approved the 2016 budgets for four semi-governmental organisations (SGO).

The budgets approved were for the Technological University (€51.9 million), the Cyprus Tourism Organisation (€50.5 million), the Cyprus State Scholarship Foundation (€7.6 million), and the Cyprus News Agency (€2.2 million).

Prior to the vote, main opposition AKEL said the state scholarship foundation has been slashed by €850,000 compared to last year, and as a result fewer university freshmen would be eligible.



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