Elias Hazou

The House finance committee on Monday began reviewing the government’s request for €75 million in extra expenditures for the current fiscal year. Of the €75 million in the supplementary budget filed, ...

Lawmakers on Monday discussed for the umpteenth time the matter of reduced VAT on homes, with reports suggesting the government will go back to the drawing board and present yet ...

The Agriculture Ministry on Monday decided against extending a current contract leasing firefighting helicopters, instructing the relevant department to launch a new tenders process for the 2024-2025 period. The decision ...

The recently-appointed energy minister George Papanastasiou seems to have injected a sense of purpose Construction of a €300 million liquefied natural gas (LNG) import terminal at Vasilikos, plagued by a series ...

Turkish Cypriot properties in the south leased to Greek Cypriots must first pass structural integrity checks to ensure they’re safe for habitation, under a law passed by parliament on ...

Firefighting helicopters at the disposal of authorities are substandard and may even not be airworthy, legislators heard on Thursday. The matter of the choppers was discussed in parliament, where auditor-general ...

During the first National Council session held under his administration, President Nikos Christodoulides on Thursday briefed party leaders on his proposal for the appointment of an EU envoy to support ...

At the end of last year, and after the University of Cyprus (UCy) had formally filed its budget request for €81.2 million, it later requested an additional €58.5 million, the Audit Office ...

Lawmakers on Tuesday discussed a bill that would make it harder for electricity consumers to switch suppliers if they have not first settled all their dues with their current supplier. ...

A new hotline for any inquiries related to welfare benefits should go live sometime within the next few days, Deputy Minister for Welfare Marilena Evangelou said on Tuesday. She made ...

The European Commission said on Tuesday it had awarded the first PDO certificate for halloumi (or hellim in Turkish) to a Turkish Cypriot producer. The Commission said the first control ...

MPs on Tuesday urged the government to do something about rising interest rates, particularly to shield vulnerable borrowers and prevent bad loans from proliferating – although none had a clear idea ...

Ex-presidential candidate Andreas Mavroyiannis spent €1.2 million on his election campaign, according to a filing made on Monday. The amount exceeds the €1 million permitted by law. Mavroyiannis, the Akel candidate, became ...

Refugees have asked President Nikos Christodoulides to raise the matter of the status of Varosha with German Chancellor Olaf Scholz and French President Emmanuel Macron. The mayor of Famagusta and ...

Finance Minister Makis Keravnos on Monday said he has issued ‘strong advice’ to commercial banks to focus on loan restructuring for distressed borrowers, as well as to increase deposit rates ...

A law giving the transport minister sweeping powers – such as designating low or zero-emission urban areas and barring certain vehicles from using them – must be passed by year’s end, ...

President Nikos Christodoulides said on Thursday he hoped to ‘break the deadlock’ in the Cyprus peace process, also pitching to the United Nations Secretary-General his proposal for a more active ...

Akel on Tuesday described as “reheated food” allegations that back in 2016 they had been lobbied by a pro-Russia group to introduce a motion in parliament calling for the lifting of ...

The banking system in Cyprus is resilient and will continue to support the real economy, the Central Bank assured President Nicos Christodoulides on Monday. Christodoulides and Central Bank chief Constantinos ...

The finance ministry on Monday sought to shoot down proposals brought by legislators to extend the repayment period for tax arrears, warning that doing so would set a bad precedent. ...

The head of the bar association on Monday declined to comment on reports that they have discovered prima facie evidence of wrongdoing by the former law firm of ex-president Nicos ...

Ten years ago almost to the day, international lenders made Cyprus an offer it couldn’t refuse – close your second largest commercial bank and seize almost half of uninsured deposits ...

The House on Thursday passed legislation that bars all semi-governmental bodies from paying into private health insurance, since employees in these organisations already benefit from the national health system or ...

Legislators on Thursday hectored the government for taking its time delivering legislation to tighten up the earthquake-proofing of buildings, saying that lives are at stake – while the interior ministry responded ...