Finance Committee

Cyprus will reach a decision this month on whether the Cypriot state will join a subsidiary formed by Greece's Independent Power Transmission Operator (ADMIE) for the development of an electrical grid interconnection linking Crete and Cyprus, according to a leading Cypriot government official.  

Cyprus faces an end-2024 deadline to align with the European regulation governing large foreign investments.

Parliament aims to review and enact the relevant legislation alongside budget discussions, but time constraints mean a decision must be reached by the final plenary session.

At 65.2 million euros, the proposed budget of the Cypriot Deputy Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures.

The groundwork for the establishment of a specialized jurisdiction court in Cyprus, which will exclusively handle issues related to primary residence foreclosures, will be laid on Thursday.

Ljubljana – The National Assembly is meeting for its first regular session this year Monday to tackle some contentious bills, including amendments to the gaming act, a bill to tackle the issue of Swiss franc loans and changes to the communicable diseases act. The MPs will also decide whether to withdraw the much criticised amendments to the penal code.

Ljubljana – The Defence Ministry will have EUR 432 million at its disposal for defence investments under the draft budgets for the next two years, shows a detailed breakdown of spending items debated by the parliamentary Defence Committee on Thursday evening.

Ljubljana – The STA staff has made a public appeal to lawmakers and heads of political parties, expressing concern after an amendment was passed yesterday under which the Slovenian Press Agency (STA) would be folded into the emerging National Demographic Fund.

Ljubljana – The emerging National Demographic Fund might become the founder and the only shareholder of the Slovenian Press Agency (STA), according to an amendment to the government-sponsored bill on the new fund. The agency’s founder and only shareholder is now the Republic of Slovenia, with the government acting on behalf of the state.

Ljubljana – The parliamentary Finance Committee adopted a series of amendments to the National Demographic Fund bill on Wednesday, mostly based on remarks from the parliamentary legal service. The opposition walked out after its amendments, which would change the basic concept of the fund, were voted down.

The U.S. Senate on Jan. 25 voted by a wide margin to confirm Janet Yellen as the first woman to lead the Treasury Department, giving her a key role in Congress negotiations over a huge COVID-19 economic relief package.