House passes supplementary budget to cover government schemes
Parliament unanimously passed the third supplementary budget for 2020, worth just over €231m on Friday. The additional funds are intended to cover increased costs resulting...
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Gesy revenues, expenses better than expected
The health insurance organisation (HIO), which oversees the national health system (Gesy), said Tuesday its revenues from contributions exceeded initial estimates by €30m up until...
€4m earmarked for new state cars withheld (Update)
The replacement of state cars was deemed necessary due to the age of existing ones and high emissions, the transport ministry said on Wednesday after...
Budget for 2020 approved by House (Updated)
THE House plenum on Wednesday passed the state budget for 2020 with 29 votes in favour and 23 against, but also with the approval of...
Gesy commentary in budget talks misleading, Health Minister says
Health Minister Constantinos Ioannou said on Tuesday comments about the national health scheme (Gesy) by MPs made during the budget debate are misleading and unsubstantiated....
No room for complacency says minister as budget presented
New Finance Minister Constantinos Petrides warned against complacency on Friday, as the effort to bolster the Cypriot economy has not finished yet and more reforms...
MPs say they will reject ‘indirect privatisation’ budget for CyTA
Three opposition parties on Monday said they would not approve a budget earmarked for studies on whether CyTA should sell shares and forge partnerships arguing...
Education minister outlines spending plans for ministry
Education Minister Costas Hambiaouris on Wednesday said photovoltaics would be installed in schools as of 2020 while nine STEM (Science, Technology, Engineering, Mathematics) schools have...
‘Skyscrapers are not mushrooming…Cyprus won’t turn into a Manhattan’, says Petrides
Interior Minister Constantinos Petrides pledged on Thursday that Cyprus would not be turned into Manhattan during House discussions on his ministry’s budget when the topic...
Georgiades still plans to resign by the end of the year
Finance Minister Harris Georgiades said on Tuesday he still planned to leave his post by the end of the year at a time decided by...
Finance minister hands over another balanced budget
Finance Minister Harris Georgiades on Friday submitted the 2020 budget to parliament, the last one drafted under his term at the ministry, which he will...
Cyprus seeking more EU funding for 2021-2027 period
Cyprus is seeking more European funds under the EU’s next budget for the period 2021-2027 to address a number of challenges arising from being a...
Anastasiades vetoes House bill to set its own budget
Citing constitutional issues, President Nicos Anastasiades has refused to sign into law a bill passed by parliament to make the legislature financially independent so that...
Constitution changed allowing House to draft own budget
Parliament on Friday changed the constitution to make the legislature financially independent in that it can now draft its own budget without the executive’s involvement....
House to vote Friday on HIO budget
Parliament will on Friday be voting on the 2019 budget for the Health Insurance Organisation, the public entity tasked with managing the National Health Scheme...
Budget passes: 30 votes in favour to 24 against
By Lizzy Ioannidou THE state budget for 2019 was approved on Friday night with 30 votes in favour and 24 against, with MPs across all...
Disy and Diko submit bill for cut in fuel tax
Despite the government’s disagreement, the leaders of ruling Disy and Diko on Friday submitted a bill that cuts fuel tax by five cents a litre....
Reforms should be a national goal, FinMin tells parliament
Finance Minister Harris Georgiades urged parties Friday to back structural reforms and consider them a national goal that will change the country and maintain economic growth....
Central bank boss warns against ‘unreasonable’ government spending
Central Bank of Cyprus (CBC) Governor Chrystalla Giorghadji on Monday warned there should be no complacency in the management of public finances due to improvement...
UK borrowing to fall, opening way for end of austerity – Hammond
British finance minister Philip Hammond announced a fall in the country’s expected borrowing needs between now and the mid-2020s as he began his final budget speech before...
