Spending caps must be met says ministry
The finance ministry has urged all government departments to resist the temptation to spend above their budgets and stick to the expenditure caps set. Otherwise, public finances might be derailed, ...
Articles
Palestinian president visits Cyprus (Update)
Nicosia’s close ties with Israel will not affect its bilateral relations with the Palestinian Authority, President Nicos Anastasiades pledged to his Palestinian counterpart on Tuesday.
The comments came during ...
Erdogan’s rhetoric rattles east Med region
Analyst says the level of anti-Greek sentiment in Turkey right now is historically high. ‘We haven’t seen anything like it in some 30 years’
Turkish President Tayyip Erdogan’s increasingly ...
Law passed that allows GCs leasing TC properties to use for commercial purposes
Parliament on Thursday approved legislation that allows Greek Cypriots leasing Turkish Cypriot properties in the south to use them for commercial purposes.
The bill had been tabled by Diko MP ...
House unanimously passes law to fast-track part of lost Laiki deposits
By unanimous vote, the House on Thursday passed legislation aiming to fast-track the return of at least part of the moneys that legacy Laiki’s depositors lost when the bank ...
‘Olives, carob syrup and grapes added to Green Line regulation’
A number of items produced in the north have been added to the Green Line Regulation, reports said on Thursday.
Citing Turkish Cypriot media, the Press and Information Office said ...
Paralimni mayor gives auditor-general power of attorney, says if guilty would drive himself to jail
In a dramatic move on Thursday, Paralimni mayor Theodoros Pyrillis gave the auditor-general a power-of-attorney to access his personal financial information, adding that he’d drive himself to jail if ...
Irish Speaker supports Cyprus solution based on UN principles
The speaker of Ireland’s parliament Seán Ó Fearghaíl said Thursday his country supports a Cyprus settlement that is based on the principles as expounded by the United Nations.
...
Further delay to opening electricity market, opposition blames government
Opposition lawmakers on Tuesday blamed the government after learning that the much-trumpeted opening up of the electricity market will be delayed once again.
The decision to push back the date ...
Supreme Court rules against Anastasiades on foreclosures bill
The supreme court has ruled that a bill passed by parliament last July extending a moratorium on foreclosures until the end of October 2021 was not unconstitutional and should therefore now ...
Mavroyiannis delays official announcement of candidacy for president
Officially backed by main opposition party Akel over the weekend, Andreas Mavroyiannis on Tuesday postponed a formal announcement of his presidential candidacy, as a mark of respect for the passing ...
BoC depositors see claim for compensation thrown out of court
A court has thrown out a lawsuit by depositors of Bank of Cyprus seeking compensation for the 2013 bail-in, where almost half of their uninsured savings were converted into shares.
In ...
Petrides rejects more VAT cuts
Finance Minister Constantinos Petrides on Monday stood his ground amid a barrage of criticism from opposition parties accusing the government of not doing enough to provide relief to people hit ...
France proposal on migrants falls short says minister
The European Union needs to show solidarity on the issue of irregular migration in a tangible way, Interior Minister Nicos Nouris said on Monday, adding that the latest proposal by ...
Bill to compensate Laiki depositors on way to House vote
Akel MP Irini Charalambidou said Monday she was pleased a bill compensating depositors of legacy Laiki bank would soon head to the plenum for a vote.
“It is with particular ...
Compromise that would release EU funds on the cards
The government and opposition parties appeared to have made some progress on Monday regarding legislation to be forwarded to the European Commission and which, if given the nod, would unlock ...
House gives the nod for over €100m to ease inflation pain
The House of Representatives on Thursday greenlit the state’s first supplementary budget for fiscal year 2022, amid criticism that the government keeps wasting taxpayer money on mass rapid tests for ...
Radio-Television Authority under scrutiny
The goings on at the Radio-Television Authority (RTA) came under renewed scrutiny on Thursday, amid allegations of bribes and general disregard for procedures.
It was the second week in a ...
Lenders told not to foreclose on properties if Estia approval still pending
The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive conclusion of procedures within the Estia housing loan subsidy scheme, otherwise ...
Businesses could wait two years for VAT refunds
Representatives of the business community, backed by deputies, on Tuesday demanded the government speed up the process for VAT refunds, giving them back some much needed cash.
Lawmakers at the ...
Auditor slams renewables restrictions for EAC
The auditor-general has slammed the energy regulator for its recent decision to deny the Electricity Authority of Cyprus (EAC) any more licences for photovoltaic projects, noting that this will ultimately ...
Financial ombudsman writes off person’s loans
The financial ombudsman has granted debt immunity to a mentally handicapped person, asking the entity to which the money is owed to comply.
In a final decision dated May 26, Pavlos ...
MPs hope for swift passage of bill to see some money returned to Laiki depositors
Lawmakers said on Monday they hoped for swift passage of a bill that would fast-track the return of at least part of the moneys legacy Laiki’s depositors lost in ...
Finance ministry preparing second supplementary budget
The finance ministry on Monday signalled that it was drafting a second supplementary budget for this year, even as it awaited the green light from MPs for the first such ...