budget approval public entities

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.