Progressive Party of Working People

The Cypriot Parliament has passed a law enabling beneficiaries to apply for a 5% reduced VAT rate within a year of acquiring a residence.

In 2022, there was a 27% increase in Airbnb income in the occupied territories, with the annual revenue per accommodation unit reaching 24,000 euros. Speaking before the Cypriot Parliament's Trade Committee, Konstantinos Karakontis, the president of the Association of Self-catering Accommodation, also mentioned a projected 50% increase for 2023.

The Cyprus Parliament voted against two non-government bills about borrowers' rights last Thursday, which disregarded warnings from the government and the Central Bank about potential threats to the stability of the financial sector.

Cypriot Finance Minister Makis Keravnos submitted several government actions aimed at addressing issues related to nonperforming loans to Parliament on Wednesday.

In a letter addressed to Speaker of the House Annita Demetriou, the Finance Ministry emphasized that the proposed framework is considered satisfactory and provides a "safety net" for vulnerable groups.

New information has emerged about a controversial spy van in Cyprus, with reports suggesting police may have known about its special capabilities in advance.
According to daily Politis, Cypriot police may have collaborated with an Israeli high-tech company on the island that offers surveillance services from the back of a multimillion euro converted spy vehicle.

A Cyprus opposition lawmaker on Thursday called on the government to explain itself after Reuters disclosed relatives and allies of Cambodia's leader acquired Cypriot passports under a controversial investment for citizenship scheme.

The Cypriot government has declared a three-day period of mourning for the east Mediterranean island's former president, Dimitris Christofias, who died at the age of 72.
Government spokesman Prodromos Prodromou said Saturday that Christofias' funeral will be held with honors befitting a sitting head of state.

The former president of the Republic of Cyprus Dimitris Christofias, died today at age 72 after a long hospitalisation in the ICU of the General Hospital of Nicosia. Christofias had been in critical condition since May 20.

In 2008 he was elected president of the Republic of Cyprus, a position he held until 2013, when Nicos Anastasiades defeated AKEL candidate Stavros Malas.

Former Cyprus President Dimitris Christofias died on Friday in Nicosia General Hospital. He was 72.

He was admitted to hospital in critical condition with respiratory problems. 

He led the communist-rooted AKEL party as its general secretary for more than two decades.

A possible rise of Kudret Ozersay, the "foreign minister" in the Turkish-occupied northern Cyprus, to the leadership of the Turkish Cypriot community will be a negative development for the Cyprus issue, the country's Foreign Minister Nikos Christodoulides said on Wednesday.