The director general of the Finance Ministry and the Interior Minister reassured the House internal affairs committee about recent concerns regarding the regulations for facilitating strategic development projects. During a parliamentary briefing held as part of an ongoing discussion on the new regulatory framework, officials from the finance and interior ministries proposed several modifications to address the committee’s reservations. Key concerns among committee members centred on the primary funding sources for strategic developments.
Specifically, questions were raised about whether these projects could be financed through loans or share issuance. Cyprus’ economy grew steadily in the third quarter of 2024, with GDP rising by 3.9 per cent year-on-year, according to a flash estimate released on Thursday by the state’s statistical service.
This growth was primarily driven by robust activity in hotels and restaurants, wholesale and retail trade, repair of motor vehicles, information and communication, and construction. Moreover, seasonally and working day-adjusted data showed similar growth, with a rate of 3.8 per cent.
In comparison, 2023 recorded slower growth, with GDP increasing by 2.4 per cent in the third quarter and 2.5 per cent in the final quarter of the year.
The Research and Innovation Foundation (RIF) has announced a new funding cycle under its PhD in Industry programme. According to an official announcement released on Thursday, the new programme will allo.