Treasury highlights stable expense management
The implementation rate of development expenses from the state budget stood at 13 per cent at the end of April, slightly higher than the ten-year average of 12 per cent for the same period.
Cyprus University of Technology
Major developments underway in Cyprus
Cyprus is experiencing a significant development boom with billions of euros being invested in various projects, including infrastructure improvements, new marinas, hotels, medical centers, university buildings, golf courses, schools, and residential properties. These projects are expected to bring multiple benefits to the country, transforming its landscape and contributing to economic growth. Major investments include golf resorts like Limassol Hills and Eagle Pine, as well as marinas such as Larnaca Marina and the upcoming Paralimni Marina. Education-related developments are also underway, and road infrastructure projects across the island are crucial for improving residents’ quality of life.
Tepak students protest course relocation
Students at Cyprus University of Technology protested against the decision to relocate certain courses from Limassol to Paphos. The students, who have already rented accommodation in Limassol and work in the city, expressed concerns about the impact of the move on their logistics.
MPs approve Tepak budget amid transparency concerns
The House of Representatives approved the budget for the Cyprus University of Technology (Tepak) for 2024. The budget bill passed by unanimous vote, but MPs raised concerns about lack of transparency and financial scandals at the institution. The budget approval was delayed, leading to pressure on MPs to pass it to ensure university staff would be paid.
Tepak salary concerns raised in committee
Fact: Salaries for the month of March were disbursed to Tepak employees using reserves from the university’s pension fund.