Pasyki, the state doctors’ union, is concerned about Okypy’s financial stability. Despite government grants covering deficits until 2025, questions remain about longterm viability and the impact on the healthcare system if Okypy cannot stabilize financially. The goal is a sustainable model without reliance on government funding.
The Cyprus Borrowers Association (Syprodat) is urgently calling for government intervention to address the rising living costs that are putting a strain on households. They are seeking targeted support measures to prevent a crisis of nonperforming loans and protect citizens from escalating financial pressures.
Cypriots are facing a housing crisis as escalating rents, rising construction costs, and increased mortgage rates make property ownership unattainable for many. The influx of higherpaid foreign workers has further driven up rental prices in cities, squeezing out locals with more modest incomes.
The bread price in the north has surged to 15TL (€0.44) due to increased production costs, prompting negotiations with the government to settle on a compromise of 13.50TL (€0.41). The delicate balance between business viability and consumer affordability remains a central concern amidst ongoing economic challenges in the region.
The Pentakomo waste treatment plant in Cyprus is facing eviction due to failure to produce a viable Solid Recovered Fuel (SRF), management disputes, technological challenges, and lack of buyers for its output. The government is stepping in to find a sustainable solution for waste management and plans to engage a consultant to upgrade the plant and align it with the Municipal Waste Management Plan.
