state budget

Economy

Transport ministry proposes €611.2m budget for 2027, up 11.3%

Transport Minister Evi Tsolaki on Friday presented her ministry’s proposed 2027 budget of 611.2 million euros to the House...
Economy

Finance Minister seeks further cut to heating oil tax in Brussels

Cyprus is pressing Brussels to allow a further cut in excise duty on heating oil, after deciding to lower...
World

Brussels lays groundwork for EU expansion

The European Commission this week put forward a package of proposals aimed at preparing the European Union for future...
Economy

Cyprus consultancy spending set to more than double since 2024

Cyprus's 2027 state budget, submitted to parliament on Thursday, puts spending on consultancy services at 156.1 million euros, more...
Economy

Cyprus proposes record €168.1m for desalinated water in 2027

The Water Development Department has proposed 168,069,000 euros for desalinated water in 2027, according to budget figures submitted to...
Economy

Finance Minister hands €14.4bn 2027 budget to parliament today

Finance Minister Makis Keravnos will submit the 2027 state budget to parliament on Thursday. Total spending is set to...
Economy

Cabinet approves €11.16bn budget for 2027, surplus set to widen

Cyprus's Council of Ministers approved a €11.16 billion state budget for 2027 on Wednesday, not including debt-servicing costs, alongside...
Economy

Cyprus’s 2027 budget forecasts surplus despite Ukraine and Middle East wars

Cyprus's 2027 state budget forecasts a fiscal surplus despite pressure from the wars in Ukraine and the Middle East....
Economy

Cyprus’s 900 million euro surplus expected to buffer inflation impact

Cyprus's fiscal surplus of 900 million euros, equivalent to 2.3 per cent of GDP, is expected to act as...
Economy

Government completes 2027 state budget draft

Cyprus has finished drafting the state budget for 2027 and the Medium-Term Fiscal Framework for 2027-2029, according to information...
Economy

Cyprus traffic camera firm earns commission on every fine issued

A private Cypriot company managing the island's speed camera system earns more money as traffic fines increase, with the...
Economy

Cyprus gets EU approval for 2026 budget plan

The European Commission has placed Cyprus amongst its top performers on fiscal discipline, approving the draft state budget for...
Economy

Interior Ministry to speed up property auctions with private valuers

The government plans to speed up property auctions by outsourcing valuation work to private assessors, according to the Interior...
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