Cyprus Mail

Coronavirus: local authorities say in dire financial straits 

The union of municipalities

The union of municipalities warned Friday they were in dire financial straits, and appealed to the government for assistance, as the second lockdown was expected to make things even worse.

Following a teleconference, the union said unlike the rest of the EU, Cyprus has not afforded any assistance to local authorities to help with the fallout from the pandemic.

The union said the second lockdown was expected to “dramatically” worsen the municipalities’ finances, as it would be impossible for them to collect a large share of the revenue they had budgeted.

“It is expected that the emergency situation we are going through will extend into the first months of 2021, with all that entails,” a union statement said.

The union added that as opposed to the state, they had no access to funding facilities because of the pandemic and proposed that the government allocated the €6m set aside for them.

It also asked for further assistance in the next year and finding ways for the to borrow in a bid to deal with their cashflow problems and avoid default.


Related Posts

Lack of interest in EastMed pipeline ‘worrying’

Elias Hazou

Petrol stations association in the north threatens to close its pumps

Sarah Ktisti

Meeting Friday to look at ways to reduce electricity bills

Elias Hazou

Survey shows people in the north are not happy

Andrea Charalambous

MPs hope to pass bill to support refugees before recess

Staff Reporter

Firefighting fleet to be reinforced with four new aircraft

Christodoulos Mavroudis