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PRESIDENT ANASTASIADES FAILS TO WIN BUDGET APPROVAL

Current Events

 

Nicos Anastasiades has failed to garner the a yes from lawmakers for this new 2021 budget.

It is being speculated that the rejection was made in the background of the fallout over the flawed investment-based citizenship program.

While 24 lawmakers did approve the budget, a vote of disapproval by 29 others meant that the budget would have to be thrown out.

Notably, the development has not been all that surprising, given as the Disy party, i.e. Anastasiades’s ruling party does not currently hold a majority in the Cypriot parliament.

 

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The Cypress Observer is your online news source for current events across the country of Cyprus. We strive to bring you the latest news, updates and current events from across the region with a major focus on politics and business.

Recent Posts

  • MOU SIGNED BETWEEN CYPRIOT AND ARAB BANKING GROUPS
  • STUDENT HOME PRICES SOARING DUE TO DORM SHORTAGES
  • AZIZ SANCAR IS NOW A CITIZEN OF TURKISH CYPRUS
  • INDIA TO REPORTEDLY SUPPLY HIGH-END MISSILES TO CYPRUS
  • TWO DEAD AND LARGE-SCALE EVACUATIONS EXECUTED DUE TO CYPRUS WILDFIRES

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