Teams Rejoin Debt Repayment Plan
May 28, 2025
Football teams in Cyprus are rejoining the debt repayment plan to the government after paying €2 million. The state has collected €5.3 million from new tax debts, and the teams are expected to pay increased installments in the future. The government is closely monitoring the teams' compliance with their obligations and will impose penalties if they fail to adhere to agreements. Additionally, an increase in betting taxes will contribute to state revenues.