NATO Secretary-General Mark Rutte warned that Europe is unprepared to face military challenges from Russia in the coming years. He called for increased defense spending and public support, emphasizing the risks posed by the war in Ukraine to Europe. Furthermore, he noted that the Russian economy is in a war state and NATO countries need to take steps to enhance their security.
The Minister of Labor expressed satisfaction with the approval of bills that increase the Birth Grant and extend Parental Leave. The grant will increase depending on the number of children, benefiting around 8,000 families annually. Additionally, Parental Leave will be expanded, with an increased age limit for children and more eligible parents, reaching up to 148,000 parents. There is also mention of other recent policies supporting working parents.
The mother of Angelos Perikleous testified in court, sharing how her own experience with her missing son helped her empathize with mothers of missing persons from 1974. She detailed her efforts to locate her son and their communication prior to his disappearance. Evidence from his social media accounts and videos featuring Angelos on the day of his disappearance were also presented. Her testimony highlighted the bond between them and the circumstances surrounding her son's disappearance.
The parliamentary Committee on Transport has decided to postpone the decision regarding the defective Takata airbags and to discuss the matter again next Monday. Despite an agreed solution, concerns over the safety of older vehicles kept the issue unresolved. Some lawmakers requested more time for discussion, while others emphasized the need for immediate decisions. Ultimately, 35 lawmakers voted in favor of the postponement.
The Parliament approved the bill for the establishment of branches of foreign universities in Cyprus, with 33 votes in favor and 13 abstentions. There were intense disagreements during discussions in the Education Committee. Some politicians expressed concerns about the quality of the universities that may be established. Despite the objections, the government emphasizes that there will be criteria in place to ensure quality control.
The Cypriot Deputy Minister of Migration, Nikolaos Ioannidis, stated that many Syrians have withdrawn their asylum applications and renounced their protection status. A total of 110 withdrawals and renunciations were recorded since Monday. Ioannidis emphasized the need to respect Syria's sovereignty and announced Cyprus's intention to continue discussions with the EU regarding immigration management.
The proposal by AKEL to impose a 5% tax on the banks' super profits was rejected by the Parliament. The discussion was tense and filled with confrontations, with 25 members voting against the proposal. Support for the proposal came mainly from AKEL and other smaller political parties. The proposed tax could have raised up to €100 million for citizen support through housing schemes.
Today marks 16 years since the death of former president Tassos Papadopoulos. The article recalls memories from March 2001, featuring a rare document from the Omikron magazine. Papadopoulos describes himself, providing a unique insight into his personality. The text connects the past with the present of the political scene in Cyprus.
The European Central Bank has lowered interest rates by 25 basis points to 3%, marking the fourth consecutive reduction as inflationary pressures ease. This decision will affect Cypriot borrowers, especially those repaying older loans with higher interest rates. Some borrowers are expected to see their monthly payments decrease by about €100. There is speculation that this easing of monetary policy may continue into 2025.
The Parliament approved an increase in the betting tax from 3% to 4.5% to pay off the debts of football clubs, which amount to €35.6 million. MP Haris Georgiadis emphasized the necessity for clubs to meet their obligations and pointed out mismanagement in some cases. There are concerns that the situation may lead to an economic bubble due to excessive spending. Additionally, there was a call for the law to be enforced strictly regarding the tax obligations of the clubs.
The situation regarding defective airbags remains tense in Parliament, with an urgent meeting of the Transport Committee. They are considering extending the compliance deadline for vehicle recalls. Additionally, it has been proposed to allow owners to deactivate airbags if timely replacement does not occur. The plenary session was delayed due to these issues.
The President of the Republic of Cyprus, Nikos Christodoulides, announced six measures to enhance Cyprus's defense industry. The aim is to transform Cyprus into a center of advanced technology in defense and contribute to Europe's security. Acknowledging the geopolitical challenges of stability, the President emphasized the importance of the defense industry for national security and the economy. The government has officially requested collaboration with the French government for defense programs.
The President of the Republic, Nikos Christodoulides, described the discussion in Parliament about taxing bank excess profits as a 'dangerous approach'. He emphasized that the proposals under consideration have not yielded positive results in other EU countries and could create more problems. He also stated that banks should reduce interest rates, but the suggested ideas will not benefit society. The President stressed the need for caution regarding such approaches.
Starting December 18, 2024, citizens of Cyprus will have access to a new 'Digital Assistant' through gov.cy. This assistant will utilize artificial intelligence to provide information and answer questions. It will be available 24/7 and can communicate in Greek, English, and Greeklish. Initially, the digital assistant will focus on Social Insurance Services.
Kostis Efstathiou, a socialist MP, spoke in the Parliament about the bill proposing an increase in the betting tax. Despite his love for his team, he stated he would not vote in favor of the bill as it constitutes state subsidies. He pointed out that the proposal contradicts EU legislation governing state aid. The taxation of business activities should be approached correctly, emphasized the MP.
Cyprus is the only non-NATO country included in the list of nations meeting the criteria for military training programs under US auspices. This decision highlights the stability in the bilateral relations of Cyprus and the US, as well as the recognition of Cyprus's strategic role in the region. Cyprus will have the right to participate in military exercises until 2027. This development strengthens strategic relationships and partnerships with the United States.
The proposed law to impose a 5% emergency tax on the banks' excessive profits is set for voting. Political parties are trying to gather a majority for its approval, but Diko's deputies and independent Andreas Themistocles remain undecided. This vote is critical, as their stance could determine the outcome. Tensions are high, and negotiations are ongoing.
Public hospitals are facing full occupancy due to a surge in seasonal infections, primarily caused by the RSV virus. The occupancy rates in the pathological, pulmonological, and pediatric wards exceed 90%, affecting children and the elderly the most. The Cyprus State Health Services Organisation has increased bed availability to meet the demand, but proper management is essential to maintain hospital operations.
Odysseas Michailidis has filed a complaint with the European Court of Human Rights regarding his dismissal from the position of Auditor General. He is considering the possibility of creating a new political movement with the aim of running in the presidential elections of 2028. He noted that the process of the complaint could take about three years. Mr. Michailidis points out similarities with another case of a former head in Romania who was vindicated by the ECHR.
The Transport Committee of the Parliament is reviewing a proposed law concerning defective airbags. It suggests extending the vehicle fitness certificate from 3 to 6 months after owners are notified about recalls. Additionally, vehicle owners will have the option to disable their airbags at their own risk if they do not replace them. This decision was unanimously made by the parliamentary parties.
During the morning meeting of the parties, a majority was formed in favor of postponing the discussion on the 5% solidarity tax on bank profits. The postponement request was made to allow parties time to assess economic support measures. The Association of Banks stated they are ready to consider proposals regarding their role in the sector. The legal service informed that the retroactive imposition of the tax is unconstitutional.
The Ministry of Finance is promoting a bill to increase contributions from betting revenue. The goal is to support football clubs and their academies in Cyprus. The proposal includes a 1.5% increase in the contribution paid to the National Betting Authority. The Ministry emphasizes that the obligations of the clubs remain unchanged, regardless of the bill's passage.
The President of the Republic, Nikos Christodoulides, announced measures to strengthen Cyprus's defense industry during the International Defense and Security Conference. He emphasized the importance of involving Cypriot companies in the production of equipment to utilize existing expertise in the country. The goal is to create more jobs and boost the Cypriot economy through European programs and supportive actions. The President expressed hope that this development will bring scientists back to Cyprus, enhancing the country's defense capabilities.
In Los Angeles, 266 Cypriot antiquities were returned to the Republic of Cyprus almost 100 years after their export. The collection includes significant items such as pottery and bronze tools. The repatriation process was initiated by the Cypriot Deputy Minister of Culture. This move represents an important restoration of Cyprus's cultural heritage.
Most political parties are discussing an increase in the betting tax to improve funding for football clubs. AKEL aims to ensure that clubs comply with their tax obligations before receiving financial support. However, this amendment may not pass due to a lack of political backing. The government is also considering new regulations regarding tax receivables from the clubs.
Elon Musk has become the first person in the world with a net worth exceeding $400 billion, following the sale of SpaceX shares and a surge in Tesla stock. His wealth increased by $62.8 billion in just one day, marking the largest recorded one-day gain. This success follows Donald Trump's victory in the November elections. Additionally, Musk's AI startup, xAI, has seen its value double to $50 billion.
The Consumer Protection Agency is investigating car import companies that charge owners up to €190 to check for defective Takata airbags. As part of the investigation, there may be violations of the law regarding unfair commercial practices. Many companies do not impose charges, recognizing the seriousness of the issue and the need for resolution. A bill to enhance road safety and protect consumers is being discussed in Parliament.
Two car import companies are charging consumers for checking Takata airbags. The Consumer Protection Service is investigating whether these charges are illegal. The head of the Service stated that the fee could potentially violate unfair trading practices law. The completion of the investigation will determine if fines will be imposed on the companies.
Israel and Turkey are engaged in a war of statements over military actions in Syria. Israeli troops are reportedly advancing into Syrian territory, which has drawn strong condemnation from Turkey. Israeli authorities deny these claims, insisting that their forces are operating within designated security zones. The situation is marked by intense political conflict and security concerns in the region.
The Democratic Party is preparing for the 2026 parliamentary elections under the leadership of Marios Karoyan. After disappointing results in the European elections, they seek ways to regroup and better communicate with society. A Political Conference will be organized to define the party's strategy and political positions. They aim for a stronger presence and recognition in the upcoming elections.
The ECB's decision today to lower interest rates by 0.25% is expected to provide significant relief to borrowers. With these reductions, borrowers paying higher interest rates will see their monthly payments decrease considerably. Economists predict that rate cuts will continue into 2025. The stabilization of inflation and political crises in Germany and France underline the need for a loosening of monetary policy.
Ersin Tatar expresses willingness to meet with President Christodoulides, though no move has been made to schedule the meeting. The two leaders attended a UN social event, but there are no updates on negotiations. Christodoulides stated he is prepared to discuss the expansion of crossing points. The Turkish side is expected to provide feedback regarding the potential meeting.
The implementation of e kalathi is at a critical point, with the launch scheduled for December 20th, but processes are surprisingly lagging behind. Supermarkets are concerned that they still haven't seen the system's demo, which may lead them to consider not participating. However, the Consumer Protection Service is optimistic that everything will proceed as planned despite the challenges. The situation requires cooperation and speed to avoid issues before the holidays.
The government has planned to install mobile desalination units to address water shortages in 2025. These units are expected to provide temporary solutions while permanent constructions continue. The current situation of the reservoirs is concerning, with water inflows being very low. The program includes a total of 28 actions aimed at enhancing water security.
The Health Insurance Fund (GeSY) is expected to remain strong and stable until 2032, despite minor fluctuations due to innovative drugs and treatments. The report identifies a slight decrease in reserves from 2025 to 2026, but starting from 2027, the fund will begin to recover reserves. By 2025, the cost of treatments is projected to reach €89.4 million. Ultimately, the reserve of GeSY is expected to reach €825 million by 2032.
Stella Michailidou, the president of the Support Center for AIDS Patients, is suspected of creating false invoices resulting in theft from the public funds. The police have initiated an investigation and have taken testimonies from her family and friends. Investigators are looking into the irregular procedures used and are waiting for her deposition to proceed further. The legal service will decide on criminal prosecution once the investigation is completed.