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.
The tax department in Cyprus is examining the books at Osiou Avakoum monastery to determine if it has met all taxation requirements. This action is part of an audit to assess compliance with tax obligations by the monastery and individuals involved. The investigation follows the suspension of five monks by the Holy Synod amid scandals involving suspect economic activities, financial crimes, sexual harassment, and abuse allegations. The monastery had previously applied for a €3 million fundraiser in 2020 without submitting necessary financial statements. A safe box containing €800,000 was found at the monastery, which was transferred to the Tamassos Bishopric under police supervision.