Ministries urged to limit spending to bare necessities (Updated)
The finance ministry has issued a circular to all ministries asking them to limit spending to the bare necessities after the rejection of the state...
spending
Cypriots about average in Europe on alcohol spending
In 2019 households in Cyprus spent 1.6 per cent of their total consumption expenditure on alcoholic beverages, roughly the same as the EU average and...
People in Cyprus not big spenders on food and drink shopping
In 2019, households in Cyprus spent 11.4 per cent of total consumption expenditure on food and non-alcoholic beverages, roughly the same as Denmark and Finland,...
Cyprus lagging in cultural spending
Cyprus has the second lowest share of expenditure on cultural services in the EU, a newly published Eurostat report says. In 2018, 1.0 per cent...
Christmas credit-card spending up 16 per cent so far, BoC says
Cypriots appear to be more comfortable spending this Christmas with credit card expenditure up 16 per cent at the start of the holiday season compared...
Attorney-general denies overspending on expert advice
Attorney-General Costas Clerides on Friday rubbished claims that his office spent millions on experts to investigate the collapse of the economy, saying the accusations were...
Police force determined to cut wasteful spending
The police force has ‘fully complied’ with the recommendations of the auditor-general and is taking steps to reduce wasteful spending, justice minister Ionas Nicolaou said...
Cyprus has third lowest GDP spending on old-age pensions in EU
Total Government expenditure in Cyprus for 2016 reached 38.6 per cent of GDP, according to Eurostat, had the third lowest expenditure share on pensions at 6.2...
Patients call for more health spending
The federation of patient associations called on the state on Friday to increase health spending so that public hospitals could cope with the rising needs....
Tighten your belts, wasteful MPs told
Plethora of assistants, unjustified travel allowances, airfares, audit boss says A lot more can be done to track MPs’ expenses and to bring their benefits...
Spending on infrastructure to rise 11 per cent
Spending on infrastructure will rise 11 per cent in 2017, MPs were told on Thursday, amid criticism over the low rate of completion of development...
Warning of new economic ‘crash and burn’
By Stelios Orphanides and George Psyllides OVERLY optimistic long-term budget forecasts could lead to a new bailout, the fiscal watchdog said on Wednesday, warning that...
Use of credit cards rises 11% in September, JCC says
The value of retail purchases in Cyprus by Cypriots using plastic money rose in September an annual 11 per cent to €197.1m, JCC Payments System...
Credit card spending in north and Turkey at €6m so far this year, Turkish Cypriots spent €14m in island’s south
More than €6m was spent in the north and in Turkey on credit cards issued in the government controlled areas of the Republic of Cyprus...
House sets €1m ceiling on election campaign spending
Presidential candidates may each spend up to €1 million on their election campaigns, under a law passed by the House on Thursday. A government bill...
Auditor-general scrutinising Olympic Committee’s books
The Cyprus Olympic Committee’s (COE) extravagance several years ago may have belatedly landed it in hot water with the auditor-general’s office. After a back-and-forth...
EDEK reveals campaign spending, calls on other parties to do the same
Socialist EDEK on Thursday was the first party to reveal how much it had spent on the election campaign, urging other parties to follow suit....
Plastic money transactions rises 3% in 2015, JCC says
By Stelios Orphanides The value of transactions with the use of plastic money rose 3 per cent to over €2.3bn year-on-year in 2015 after rising...
Value of credit-card spending at same level as last year
The value of credit card transactions by Cypriots has remained unchanged in the first seven months of the year, JCC said on Wednesday. According to...
Tourism revenue fall is down to shorter holidays
The fall in revenue from tourism despite the increase in visitors in May is due to the fact that tourists, though their daily spend was...