Cyprus ranks first among EU Member States in terms of the absorption of European funds, according to the European Court of Auditors (ECA) Report for 2020. The absorption rate is 75% with the EU...
Health Ministry budget for 2022 is increased by 24 mln euro compared to 2021 which amounts to 14,8% of the state budget, Minister Michalis Hadjipantelas has said.Presenting Monday the budget for his...
02/11/2021
President of the Cyprus House of Representatives Annita Demetriou highlighted the escalation of the climate crisis and the need for Parliaments to take action to curb it, during her speech in a...
22/10/2021
Cyprus state budget for 2022, provides for increased revenue and slightly reduced expenses, while an increase of 10% is recorded in development expenditure. The growth of the economy in 2022 is...
08/10/2021
Cyprus Parliament unanimously approved the 4th supplementary budget submitted by the Government for 2021 and concerns mainly the financing of needs that arose due to the pandemic.The law provides for...
08/10/2021
The 2022 state budget provides for a significant correction of the fiscal deficits accumulated during the Covid pandemic, as Cyprus moves from recovery to growth, Minister of Finance Constantinos...
07/10/2021
The Plenary Session of the Parliament on Thursday unanimously passed three bills for the opening of the competitive electricity market, following years of discussions and postponements and after an...
24/09/2021
The Cyprus parliamentary Committee on Finance and Budgetary Affairs examined on Monday the fourth supplementary budget for 2021 amounting to €91.7 million, providing for expenditure associated with...
20/09/2021
The Plenary of the Cyprus House of Representatives decided on Thursday to postpone the elections for local authorities and therefore the tenure of the mayors and heads of community councils and those...
17/09/2021
The successful implementation of the Recovery and Resilience Plan, totaling € 1.24 billion, is very important both for public finances and for growth perspective and is expected to add another 7% in...
07/09/2021