Cyprus Reaches Deal on €245 Million Social Insurance Fund Debt

Cyprus strikes deal on €245m Social Insurance Fund debt with new repayment plan

With €245 million in overdue Social Insurance Fund contributions sitting uncollected, the government and parliamentary parties struck a last-minute compromise on Tuesday that rescued a repayment bill from potentially unconstitutional amendments — and cleared the way for a new scheme to launch within the month. Labour Minister Moushouttas rushed to the Parliamentary Labour Committee session […]

By Eleftheria Paizanou