MVP

Blog

  • Finance Minister Advocates for 2026 Budget as Future Investment

    Finance Minister Advocates for 2026 Budget as Future Investment

    2026 budget — Finance Minister Makis Keravnos has urged MPs to approve the 2026 state budget, framing it as an investment in the future of Cyprus. Speaking at the House plenum on Thursday, he emphasised the government’s commitment to fostering growth whilst ensuring a balanced approach to development that prioritises people.

    Photo: cyprus-mail.com

    026 budget: Government’s Vision for Economic Growth

    In his address, Keravnos highlighted that the budget is designed to facilitate economic growth that benefits a broad spectrum of the population. He stated, “Our objective is to pursue a policy of economic growth benefiting as many people as possible, without exclusions.” This vision is particularly crucial given the ongoing challenges, including the geopolitical tensions arising from the crisis in Ukraine.

    Resilience Amid Challenges

    Despite any uncertainties, the finance minister expressed confidence in the resilience of the Cyprus economy. He asserted that it would maintain its momentum, projecting strong growth, low unemployment rates, and healthy public finances.

    Upcoming Budget Discussions

    Keravnos delivered his budget speech during the final regular plenary session of the year. The budget will be debated and voted on during an extraordinary session scheduled for December 15 to 17. Ahead of this critical vote, he appealed to MPs to consider the budget as a pivotal investment in the future for citizens and businesses alike.

    Key Financial Figures for 2026

    The proposed 2026 budget outlines primary expenditures totalling €10.7 billion, marking a 5% increase from 2025. Development spending is set to rise by 4.7%, while social spending will see a significant boost of 6.7%.

    • Projected GDP growth for 2026: 3.1%
    • Unemployment rate forecast: 4.6%
    • Expected inflation rate: stabilising around 2%
    • Budget surplus anticipated: 2.9% of GDP
    • Debt to GDP ratio forecast: 50.9%, down from 55.3%

    Funding for Vulnerable Groups

    Over the next three years, from 2026 to 2028, the government plans to allocate approximately €6.82 billion to support vulnerable groups, including students, children, patients, and individuals with special needs. This substantial investment underscores the government’s commitment to social welfare and inclusion.

    Debt Management and Surpluses

    Keravnos noted that maintaining budget surpluses through 2026 should positively influence the government’s financing strategy, ultimately contributing to a decrease in the public debt to GDP ratio. The anticipated reduction surpasses earlier projections, which aimed for a 60% ratio by the end of 2026.

    Utilisation of Recovery Funds

    Regarding the Recovery and Resilience Facility, the minister revealed that Cyprus has already received €568 million across five tranches, indicating a proactive approach to leveraging European funds for national development.

    Public Payroll and Employment Changes

    Concerning the public payroll, it is expected to constitute 27.5% of the total state budget in 2026, a slight decrease from 28% this year. The government also plans to create 611 new positions in the public sector while eliminating 625 roles, signalling a shift in workforce management.

    Tax Reform for Economic Fairness

    Another crucial aspect of the budget discussion is the proposed tax reform, which the administration aims to pass by the end of the year. Keravnos described the new tax system as fairer, designed to reduce the tax burden on households and families with children. This reform is expected to stimulate the middle class, enhance opportunities for women’s employment, and promote home ownership.

    He stated, “It is a new, fairer tax system, which will boost the real economy and the competitiveness of Cypriot businesses while attracting productive and qualitative foreign investment creating well-paying jobs.” This comprehensive approach reflects the government’s commitment to fostering a resilient and inclusive economic environment.

  • Undeclared luxury — Cypriot Man Fined €20,000 for Undeclared Luxury Goods at Larnaca Airport

    Undeclared luxury — Cypriot Man Fined €20,000 for Undeclared Luxury Goods at Larnaca Airport

    undeclared luxury — A 57-year-old Cypriot man has been fined €20,000 for attempting to evade taxes on luxury goods brought from Switzerland, according to the customs department.

    • undeclared luxury — A 57-year-old Cypriot man has been fined €20,000 for attempting to evade taxes on luxury goods brought from Switzerland, according to the customs department.
    • The incident occurred on December 1 when the man arrived at Larnaca airport carrying a luxury watch valued at approximately €98,000 and a scarf worth around €2,000.

    The incident occurred on December 1 when the man arrived at Larnaca airport carrying a luxury watch valued at approximately €98,000 and a scarf worth around €2,000.

    Having purchased these items tax-free in Switzerland, the man was under obligation to declare them upon entering Cyprus, as Switzerland is not a member of the EU. However, he chose to bypass this requirement by attempting to exit through the channel designated for passengers with nothing to declare.

    Customs officers intercepted him before he could leave the airport, leading to the hefty fine for the unpaid taxes on his luxury acquisitions. This incident highlights the importance of adhering to customs regulations when travelling internationally, especially regarding high-value items.

  • Cyprus ukraine: Cyprus Affirms Support for Ukraine Amid Ongoing Conflict

    Cyprus ukraine: Cyprus Affirms Support for Ukraine Amid Ongoing Conflict

    cyprus ukraine — cyprus ukraine — Cyprus stands by the side of Ukraine, as President Nikos Christodoulides emphasised during his recent visit to Kyiv. He highlighted the importance of advancing peace efforts to resolve the ongoing Russian invasion, which has persisted for over three years. During his discussions with Ukrainian President Volodymyr Zelenskiy, Christodoulides reiterated that the conflict is fundamentally about defending universal principles and values.

    Photo: cyprus-mail.com

    Christodoulides praised Zelenskiy and the Ukrainian people for their remarkable resilience in the face of what he described as a “brutal and unprovoked invasion.” He expressed solidarity by acknowledging the shared experiences of Cyprus and Ukraine regarding military invasion and occupation, underscoring the emotional and historical connections between the two nations.

    Photo: cyprus-mail.com

    During their meeting, the two leaders discussed ongoing international efforts to achieve a peace agreement. Christodoulides stated, “The president briefed me on the situation resulting from the ongoing Russian invasion and its serious implications.” He reiterated Cyprus and the EU’s firm stance that any peace initiative must fully respect Ukraine’s sovereignty and adhere to the principles of the UN Charter, pointing out the direct connection between Ukraine’s security and that of the EU.

    While laying a wreath at the Wall of Heroes monument, Christodoulides also addressed the limitations of the EU’s support measures, which he felt were hampered by member states acting as “cunning neutrals.” He stressed the need to confront those states that exploit the tragedy of the Ukrainian people for their own interests.

    The conversation shifted towards Ukraine’s future relationship with the EU, particularly in light of Cyprus’ upcoming presidency of the EU Council in 2026. Christodoulides assured Zelenskiy that support for Ukraine would remain a priority during this time, including discussions on EU enlargement. He stated, “The Republic of Cyprus is fully prepared to contribute to cohesion in Europe amid increasing geopolitical pressures.”

    Christodoulides also acknowledged the Ukrainian community in Cyprus, which numbers around 25,000 people, highlighting a commitment to strengthen bilateral cooperation. He noted, “We are committed to deepening and broadening our bilateral cooperation, building on the strong Ukrainian community in Cyprus.” Cyprus ranks third in the EU for hosting the largest number of Ukrainians relative to its population.

    Zelenskiy expressed gratitude for Cyprus’ support in Ukraine’s EU accession efforts. He recognised Cyprus as a small state with relevant experience in pursuing a “European path” amid geopolitical challenges. He added, “This experience of ours, the experiences of the Cypriot people, since 1974 and the Turkish invasion and the occupation that has continued for 51 years, oblige us to be on the right side of history.”

    The meeting, described by government spokesman Konstantinos Letymbiotis as a “deeply symbolic visit,” underscored the solidarity that Cyprus has for Ukraine. Letymbiotis remarked that Cyprus expressed its unwavering dedication to the principles of sovereignty, independence, and territorial integrity of all states, stating, “Our stance is not just one of principle; it is deeply rooted in our own experience and continuous struggle for justice and the restoration of our rights.”

    As Cyprus continues to promote European priorities concerning security and unity, Christodoulides affirmed the island’s commitment to supporting sincere diplomatic efforts aimed at achieving a just and lasting peace in Ukraine.

  • Redistribution — Parliament Approves Redistribution of Seats from Nicosia to Paphos

    Redistribution — Parliament Approves Redistribution of Seats from Nicosia to Paphos

    redistribution — Parliament voted unanimously to approve legislation redistributing parliamentary seats, giving Paphos a fifth seat while reducing Nicosia’s representation from 20 to 19 MPs. The changes will take effect in the 2026 parliamentary elections.

    • Onoufrios Koulla proposed that future seat allocations could be linked to actual voter turnout, suggesting this might encourage greater participation in the electoral process.
    • The bill passed with 37 votes in favour, while Parliament postponed a related vote concerning amendments addressing issues with namesakes among candidates from the same party list.

    The amendment to the Election of Members of the House of Representatives Law is based on registered voter numbers as of 2 October 2025, when the supplementary electoral roll was incorporated into the permanent register. As it stands, total registered voters across Cyprus number 561,253.

    The calculation method for seat distribution by district follows the procedure outlined in the election law for first and second seat allocation after voting concludes. Interior Committee chairman Aristos Damianou observed that under automatic voter registration, Nicosia would not lose a seat and might even gain one, potentially occurring in subsequent parliamentary elections.

    Chrysanthos Savvides remarked on the significance of the vote, describing it as a historic day for Paphos, which is experiencing growth both politically and in sports, referencing Pafos FC. ‘This means we Paphians will have another strong voice in parliament,’ he stated.

    Marinos Mousiouttas highlighted the implications of automatic voter registration legislation, suggesting that the seat could eventually return to Nicosia. Similarly, Charalambos Pazaros called it a historic moment for Paphos, noting that it resolves a longstanding issue regarding compulsory single preference voting, as voters will now have a second choice.

    Andreas Themistokleous expressed that no MP would oppose what he deemed ‘logic and justice,’ asserting that the seat rightfully belongs to Paphos. However, he cautioned that automatic registration might lead to further seat redistribution, affecting other districts as well.

    Demetris Demetriou emphasised the necessity of applying population proportions to ensure fair representation. In contrast, Marinos Sizopoulos pointed out that the Cypriot parliament must not remain the smallest in the EU and urged for an increase in the number of MPs to fulfil obligations more effectively.

    Onoufrios Koulla proposed that future seat allocations could be linked to actual voter turnout, suggesting this might encourage greater participation in the electoral process.

    The bill passed with 37 votes in favour, while Parliament postponed a related vote concerning amendments addressing issues with namesakes among candidates from the same party list.

  • Teacher evaluation — New Teacher Evaluation Bill Estimated to Cost €12.5 Million

    Teacher evaluation — New Teacher Evaluation Bill Estimated to Cost €12.5 Million

    The new teacher evaluation bill is estimated to cost €12.5 million, as the House education committee has wrapped up its discussion on the amended regulations. The bill, which aims to modernise the evaluation process for educators in Cyprus, is slated for presentation to parliament in mid-December.

    Committee Discussions Conclude

    On Wednesday, the education committee completed its article-by-article review of the bill. Chairman Pavlos Mylonas, a member of the Diko party, highlighted the collaborative nature of the discussions, stating, “The discussion will continue with consultation next Wednesday. It is the formal part of the regulations to go to the plenary.”

    Timeline for Parliamentary Vote

    While a specific date for the parliamentary vote has not been finalised, Mylonas indicated it is likely to occur between December 14 and 16. The committee is also considering the possibility of voting on the evaluation bill alongside a new tax reform proposal.

    Government Officials Weigh In

    Education Minister Athena Michaelidou expressed her satisfaction with the committee’s progress, praising their “responsible and serious attitude.” She emphasised her ministry’s aim to achieve a vote that reflects a consensus without compromising on critical elements of the proposal.

    Significant Amendments and Stakeholder Input

    Throughout the discussions, “many of the changes were unanimous,” Mylonas noted, although he acknowledged that some were decided by majority votes after extensive consultations with various stakeholders. Michaelidou reassured the committee that the majority of amendments did not significantly alter the bill’s core philosophy. “We are going to the Plenary with a proposal that is as agreed upon as possible,” she remarked.

    Cost Breakdown of the Evaluation System

    The projected cost of the new teacher evaluation system, set at €12.5 million, primarily stems from the establishment of new inspector positions. According to Michaelidou, these roles are intended to facilitate a more effective evaluation process, allowing for smaller groups to operate in senior teacher positions and providing additional resources to support educators.

    Long Journey to Modernisation

    This push for a new evaluation system marks a significant shift, as the first such system was implemented in Cyprus fifty years ago. The Republic is now under European Union obligations to modernise its educational evaluation processes.

    Concerns and Criticisms from MPs

    DISY MP George Karoullas remarked on how the amendments served to “fill in the gaps and ambiguities” that had been previously highlighted. He expressed confidence that the changes made were necessary for the new evaluation plan to be as comprehensive as possible. Conversely, AKEL MP Christos Christofides raised concerns about the bill, pointing out that his party had identified around 16 critical issues that could affect the bill’s implementation.

    The Future of Teacher Evaluations

    Christofides articulated the underlying challenges, questioning not only who would conduct the evaluations but also the criteria that would be used. He cautioned that while the article-by-article discussion had concluded, there remained significant uncertainties about the practical application of the new regulations. “We are voting on something today, but the essence of this will be decided in the future,” he warned.

    Teachers’ Opposition to Changes

    In the wake of the proposed changes, state school teachers have voiced strong opposition, advocating for the retention of the existing evaluation scheme. This resistance has been persistent, with teachers presenting a list of demands and arguing against the need for an overhaul. As the debate continues, it remains to be seen how the new evaluation system will be received once implemented.

    Moving Forward

    As discussions progress, the education ministry is committed to ensuring the quality and scientific accuracy of the proposed evaluation system. With the parliamentary vote approaching, stakeholders are closely monitoring developments, hoping for a resolution that meets the needs of teachers while fulfilling legislative requirements.

  • Kykkos Monastery Denies Fake Miracle Cure Claims

    Kykkos Monastery Denies Fake Miracle Cure Claims

    Kykkos Monastery has found itself at the centre of controversy following a deceptive report claiming its monks have discovered a miracle cure for serious illnesses. This false narrative suggests that the monks are selling this miraculous preparation online, raising concerns within the community.

    The misleading report features an alleged interview with the monastery’s abbot, who supposedly announces this groundbreaking treatment. However, the authenticity of this interview has been called into question, especially as it includes AI-generated images purportedly showing the abbot with doctors from Larnaca. These doctors allegedly approached the monastery after their patients were said to have been cured by the herbal remedy.

    The website promoting this miracle cure describes the concoction as a blend of various herbs, accompanied by testimonies from individuals claiming to have benefited from the treatment. These claims, however, lack credible sources and have sparked alarm among officials.

    Christakis Efstathiou, a spokesman for the Church of Cyprus, addressed the issue, stating unequivocally that no such miracle cure is being sold. He urged the public to exercise caution and not to be misled by these fraudulent claims. Efstathiou confirmed that the Church would refer the matter to Kykkos Monastery, which is expected to release a statement to clarify the situation.

    The monastery’s reputation has been put at risk by this misinformation, and the community is keenly awaiting further clarification. The incident serves as a reminder of the dangers posed by misleading online content, particularly regarding health-related claims.

  • Cyprus weather — Cyprus Weather: Light Rain Expected Before Heavy Weekend Storms

    Cyprus weather — Cyprus Weather: Light Rain Expected Before Heavy Weekend Storms

    cyprus weather — Cyprus weather is set for a spell of light rain on Wednesday, with conditions gradually turning stormy over the weekend. The day will begin with a mix of partly cloudy and intermittent clouds, alongside a chance of isolated light rain.

    • The forecast for Thursday through Saturday indicates a shift towards more unsettled weather. On Thursday, residents can expect similar partly cloudy conditions with a likelihood of isolated showers.

    Cyprus weather: Winds and Sea Conditions

    Morning winds will be variable and light, reaching around 3 Beaufort. As the day progresses, they will shift to predominantly north-easterly and south-easterly directions, becoming light to moderate at 3 to 4 Beaufort. Sea conditions will remain smooth to slight, making for a calm day on the water.

    Temperature Expectations

    Temperatures are anticipated to hover around 22 degrees Celsius both inland and along the coast, while mountainous areas will see cooler conditions, dropping to approximately 12 degrees Celsius. As night falls, the weather will persist in its partly cloudy state, with a continued chance of isolated light rain.

    A Rainy Outlook for the Coming Days

    The forecast for Thursday through Saturday indicates a shift towards more unsettled weather. On Thursday, residents can expect similar partly cloudy conditions with a likelihood of isolated showers.

    As Friday approaches, the clouds will thicken, bringing about localised rain. The afternoon is expected to introduce thunderstorms, starting in the west and south and spreading across the island. This trend of cloudy skies and rain will carry into Saturday, where local rain and isolated thunderstorms are likely to occur.

    Temperature Changes Ahead

    While temperatures are not predicted to change significantly until Friday, a notable drop is on the horizon for Saturday, aligning more closely with seasonal averages. This shift in weather patterns suggests that residents should prepare for a wet weekend ahead.

  • Data breach — Bank of Cyprus Oncology Centre Investigates Possible Data Breach

    Data breach — Bank of Cyprus Oncology Centre Investigates Possible Data Breach

    data breach — The Bank of Cyprus Oncology Centre has detected indications of a possible data breach in its systems, the centre announced. The potential breach was identified on Monday, 1 December, leading to immediate action.

    • In the interim, the Bank of Cyprus Oncology Centre has stepped up its protective measures, reinforcing its systems to safeguard against any potential threats while the review unfolds.
    • Importantly, the centre has stated that no patients have been affected in any way by the detected breach, providing reassurance to both patients and staff.

    Upon discovering the anomaly, the centre promptly notified the Digital Security Authority to ensure that appropriate measures could be taken. To further bolster their response, they activated an agreement with a specialised cybersecurity firm tasked with conducting a thorough technical investigation.

    As part of the ongoing investigation, the Office of the Commissioner for Personal Data Protection has also been informed. The centre is currently working diligently to determine the exact nature and scope of the incident, with a commitment to transparency and thoroughness.

    In the interim, the Bank of Cyprus Oncology Centre has stepped up its protective measures, reinforcing its systems to safeguard against any potential threats while the review unfolds.

    Importantly, the centre has stated that no patients have been affected in any way by the detected breach, providing reassurance to both patients and staff.

  • Pensioner — British Pensioner Allegedly Repatriated from Cyprus Without Heart

    Pensioner — British Pensioner Allegedly Repatriated from Cyprus Without Heart

    pensioner — The body of 76-year-old British pensioner Michael Graley, who died while holidaying in Cyprus, has allegedly been returned to the UK without his heart, raising serious questions about the repatriation process.

    Graley, from Greater Manchester, was reportedly visiting the island with his family when he died shortly after being admitted to a hospital in Paralimni. His wife, Yvonne, 73, shared details of the unfortunate incident, stating that a post-mortem examination was conducted in Cyprus.

    According to Yvonne, when British officials reviewed the documentation, they found that the death certificate had been issued without a specified cause of death. This prompted the coroner’s office in Rochdale to request a second examination.

    During this follow-up examination, it was allegedly discovered that Graley’s heart was missing, preventing the coroner from determining the cause of death. Yvonne described her feelings as “in shock” upon hearing this news.

    Further complicating matters, Yvonne mentioned that Cypriot police later informed her that her husband’s heart had been sent to a research facility, a revelation that has left her seeking answers. As of Monday afternoon, police in Cyprus had not provided additional information in response to inquiries from the Cyprus Mail.

    This incident highlights the potential challenges and concerns surrounding the handling of deceased individuals in foreign countries, particularly regarding the repatriation process. Families often rely on the proper management of such sensitive matters when dealing with the loss of a loved one, making this case particularly distressing for the Graley family.

  • Limassol Derby Triggers High Security and Four Arrests

    Limassol Derby Triggers High Security and Four Arrests

    limassol derby — limassol derby — Limassol is under increased security surveillance as the derby between AEL and Apollon unfolds at the Alpha Mega Stadium. Police have deemed the match as “particularly difficult” and “high-risk” due to violent clashes that erupted shortly after midnight on Thursday outside an Apollon club in central Limassol.

    In light of the recent disturbances, over 300 police officers have been deployed to various strategic locations around the city to maintain order and ensure the event runs smoothly. An extensive operational plan is fully active, focusing on preventing any further incidents during the high-stakes match.

    Security measures have been notably stringent, with authorities conducting thorough checks at the stadium entrances from early afternoon. This heightened vigilance reflects the seriousness of the situation, as fans from both sides gather to show support for their teams.

    As the match commenced, police reported four arrests related to the pre-match unrest. One individual was detained for throwing a flare at officers during a march of Apollon fans towards the stadium. Another arrest was made for possessing a small amount of drugs during the entry checks. The remaining two arrests involved public insults and resisting arrest.

    Following the violent incidents outside the Apollon clubhouse, police had requested that the match be held behind closed doors to mitigate risks. However, the Cyprus Football Association (CFA) rejected this proposal, allowing the derby to proceed as planned.

    The atmosphere surrounding the game remains tense, with police on high alert to respond swiftly to any signs of trouble. Fans from both sides are hopeful that the clash will proceed without further incidents, eager to witness a thrilling match.