Cyprus Mail
Cyprus

Malas spent nearly €1m on presidential campaign

A total of €999,030 was received by Stavros Malas' headquarters and €999,028 was spent.

Akel backed independent candidate Stavros Malas spent and received roughly €1m during the election period, it emerged on Tuesday.

Figures made public, as per the legal requirement, reveal a total of €999,030 was received by his headquarters and €999,028 was spent.

Malas lost his bid for the presidency to incumbent Nicos Anastasiades.

During the campaign, Akel coughed up €473,800 for Malas while another €407,730 came from ‘other contributions’ which remained unspecified.

Another €117,500 was made from dance events.

In terms of expenses, just over €700,000 went towards communication costs as well as expenses incurred for organising events. About €200,000 went for administrative costs and €48,000 went for costs related to buildings.

Rent took up €46,050 and bank expenses amounted to €1,195.

Diko leader Nicolas Papadopoulos who also ran for president but never made it to the second round spent €908,366 while €938,550 came in largely through donations (€874,850) and costs covered by third parties (which remained unspecified) amounted to €63,700.

Anastasiades and Citizens Alliance leader Giorgos Lillikas who also ran for the presidential seat, have yet to make the figures of their campaign public. The deadline is this week.


Related posts

Workers at Co-op subsidiary go on strike

Elias Hazou

Love island Hungary filming wraps in Paphos

Bejay Browne

Investigation into Audit Office employees who set up illegal company

Elias Hazou

MPs find gaps in state-run shelter for trafficking victims

Jonathan Shkurko

Turkish Cypriots to remove ‘fenced-off’ when referring to Varosha

Staff Reporter

EU foreign ministers agree to ‘restrictive measures’ over Turkish drilling

Evie Andreou

4 comments

Comments are closed.