Finance Ministry diverts funds meant for Immovable Property Commission to pay salaries
It has been revealed that the Ministry of Finance has been using funds legally earmarked for the Immovable Property Commission (IPC) to cover salary payments....
Tag : Finance
Daily currency exchange rates (July 24, 2025)
Daily currency exchange rates (July 24, 2025) have been set as follows; Dollar 40,55 TL Euro 47,75 TL Sterling 55,05 TL Australian Dollar 26,15 TL...
RIF announces new blended finance scheme for innovative companies
The Research and Innovation Foundation (RIF) of Cyprus has announced the launch of its new blended finance scheme, “BOOST”. Certified Innovative Companies with a legally...
FinMin says GDP saw a 6% increase due to full absorption of cohesion funds
Finance Minister Makis Keravnos has said that full absorption of cohesion funds by Cyprus resulted to an increase of its GDP by 6%. The Minister...
Supplementary balanced budget of €109.5 mln for 2024, says Finance Minister
The Ministry of Finance has requested €109.5 million of additional appropriations in a supplementary budget for 2024, Finance Minister Makis Keravnos said in a statement...
IMF predicts economic growth in Cyprus
The Ministry of Finance welcomed, in a press release on Wednesday, the new estimates for Cyprus by the International Monetary Fund (IMF) as part of...