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The Persistent European Commission and the Scandal of the “Golden” Passports

The European Commission is expressing ongoing dissatisfaction with Cyprus’s slow revocation process of “golden” passports, which were granted inappropriately and illegally under the Investment Programme. Cyprus is facing 70 noncompliance cases against EU directives and regulations, putting it at risk of hefty fines. The Commission has been issuing warning letters about the scandal since 2015, and has now escalated the matter by sending a reasoned opinion, the final step before referring a country to the European Court. Cyprus is also facing challenges in environmental matters, labor issues, and refugeemigration management.

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