Progressive Alliance

Cyprus gov’t spending to rise only 0.6 pct in 2015

The Cypriot Parliament has adopted a government budget that envisions an increase in spending of only 0.6 percent.

The budget forecasts state revenue of 5.928 billion euros compared with 5.952 billion euros in 2014, with spending of 6.660 billion euros.

The House of Representatives approved the tight spending plan late Tuesday by a vote of 29-26.

Macedonia's New Red Lion Fails to Impress Opposition

Macedonia's main opposition Social Democratic Party, SDSM, has come out against the country's proposed new coat of arms, saying the plan is being pushed as a distraction from the real problems.

"This is a typical example of how the government tries to shift public attention from the many affairs and scandals that they have to answer for," SDSM spokesperson Petre Shilegov said.

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