New law changes way parties get state aid
The House on Thursday passed a law changing the way in which political parties receive state aid. The legislative proposal – sponsored by Disy, Akel,...
state aid
Parties squabble over election state aid
Having received €7m in state aid for 2021 in February, political parties are now squabbling over whether it should be redistributed to reflect the results...
Coronavirus: Leisure centre owners demand further support
Owners of leisure centres warned on Saturday they would take drastic measures unless the government provides the necessary support to offset their huge losses caused...
State aid programme for mountain communities extended
A state subsidy for mountain communities will continue for another three years, the Council of Ministers decided on Wednesday. The grant is given to residents...
€12m in state funds to rejuvenate green line areas
Close to €12 million in state aid will be given to the Nicosia and Ayios Dhometios municipalities as part of a four-year Green Line rejuvenation...
Coronavirus: Aid for businesses and workers extended until at least June 12
State support for businesses and employees has been extended until June 12 and if necessary for a further four months beyond that, the government announced...
Government considering state guarantees to banks worth €2 billion (Updated)
Amid growing calls for an internal lockdown to contain coronavirus contagion, the government was on Monday said to be preparing a revised stimulus and relief...
Ministry pressing ahead with plans for Greek ferry service
The deputy ministry of shipping is working ‘intensely’ on a proposal to submit to the European Commission for the establishment of a ferry service to...
Estia green light from Brussels, not considered ‘state aid’
The European Commission on Monday approved, under EU state aid rules, Cyprus’ controversial Estia scheme to support private households and small businesses that have...
CBC chief says she could not state openly her worries over Co-op
It would be inconceivable for any central banker to state in public that a lender faces liquidity problems, Central Bank of Cyprus (CBC) governor Chrystalla...
Charities struggling to cope with refugees
Syrian asylum seeker numbers spiralling in Paphos By Bejay Browne Syrian refugees in Paphos are not yet sleeping rough in the streets, but numbers are...
State urged to do more for those with autism
The government needs to take more action to help people with autism as well as their families and not hide behind the decency of volunteers...
EU watchdog looking at state’s €2.5bn co-op deposit
The European Commission’s competition watchdog will be looking at the government’s recent action to deposit €2.5bn to the co-op bank through the issuance of bonds,...
Commission approves Cyprus co-op aid of €175m
By Angelos Anastasiou The European Commission on Friday announced the approval of additional state aid of €175 million in favour of the Cooperative Central Bank...
Christmas supplement for minimum income, state aid recipients
State assistance and Guaranteed Minimum Income (GMI) recipients will be getting a Christmas supplement, the cabinet decided on Thursday, following a proposal tabled by the...
55,000 refugees applied for aid so far
By Andria Kades A TOTAL of 55,000 Greek Cypriot refugees have sought grants or other assistance since 1996 from the state agency that deals with...
Paphiakos appeals for state aid
THE Paphiakos association for the protection of animals is appealing for financial support from authorities as private donations are merely “a drop in the ocean”...
Air connectivity gradually being restored
By Evie Andreou Cyprus’ air connectivity is gradually being restored as airlines are announcing more flights to fill in the gap left by the closing...
Cyprus Airways closes down (Update 3)
By Constantinos Psillides CYPRUS AIRWAYS was shut down on Friday after the European Commission ruled that more than €102m in government support given to Cyprus...
EU decision on CY expected within hours
By Staff Reporter The government reiterated on Friday that it had alternatives, whether the EU’s ruling on state aid for Cyprus Airways was negative or...
