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Cypriot Parliament Approves Budgets for Key Public Entities

The Cypriot Parliament recently approved budgets for key public entities such as the Cyprus Broadcasting Corporation (CyBC) and the Natural Gas Public Company (Defa), ensuring operational continuity and preventing service disruptions. These approvals secure hundreds of employee salaries and reinforce Cyprus’s energy infrastructure, with significant workforce expansions and funding for crucial projects like the LNG terminal at Vasiliko.

financial complications strike action

Continuing Strikes at CyBC Despite Budget Approval

The ongoing strikes at CyBC persist despite the approval of the budget. Employees are striking due to payment delays, even though funds have been secured for disbursement. Financial complications, such as frozen bank accounts, have heightened concerns over payment reliability.

cyprus stock exchange budget approval

Cyprus Stock Exchange Budget Approved for 2024

The Cyprus Stock Exchange (CSE) faces a budget deficit in 2024, with expenses surpassing revenues by over €1.6 million. To cover this shortfall, the CSE plans to tap into its cash reserves, ensuring operational continuity and financial stability for the upcoming year.

healthcare budget approval

HIO and Okypy Budgets Approved by Parliament

With a resounding agreement, the parliament approved the budgets for HIO and Okypy, securing vital resources for the health sector. Financial plans include €1.6 billion for HIO and €761.8 million for Okypy, aimed at sustaining operational excellence and service delivery.

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