Fact: The finance minister of Cyprus, Makis Keravnos, emphasized the importance of enriching Cyprus’ economic model and maintaining investment levels as part of the government’s economic policy.
The legal system in Cyprus is facing significant difficulties, with long delays in court cases and a lack of efficiency. This has led to a situation where international agreements refer to arbitration or foreign law courts, such as in the U.K. Due to delays and inefficiencies, justice is breaking down, with people not bothering to pursue their rights. There are also reports of “bouncers” taking the place of police and acting as judges in resolving disputes. The use of court officers to serve writs is also problematic, with some officers not fulfilling their duties. Efforts are being made to address these issues, including the introduction of arbitrators, but it will take time for these measures to be effective.