Business · Cyprus

Intense debate in Parliament over the Cyprus Business Development Organization bill

6 sourcesFirst reported 19 days agoUpdated 17 days ago

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What all sources covered

A heated debate occurred in the Cypriot Parliament regarding the bill for the establishment of the Cyprus Organization for Business Development (KOAE).
MPs expressed concerns about the tight deadlines associated with the bill's review, leading to criticisms about the legislative process.
Discussions highlighted ambiguities in the bill, particularly concerning eligible businesses and the establishment of companies by KOAE.
AKEL MP Aristos Damianou referred to the proceedings as a "mock process," while Committee President Christiana Erotokritou rejected these claims, emphasizing the importance of maintaining the timeline to secure European funding.
The bill was submitted to the parliament just before the deadline, causing notable reactions from various political parties.

6 sources

Who reported first

PhilenewsFirst

Politis+3h

Omega TV (Omegalive)+3h

Sigmalive+3h

Philenews+18h

Philenews+2d

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