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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ Cabinet prepares package to rescue social security fund ]

Cabinet prepares package to rescue social security fund

THE CABINET yesterday approved a package of measures to secure the Social Security Fund’s viability until the year 2050.

According to the Undersecretary to the President, Titos Christofides, the Cabinet authorised the Labour Ministry to present the measures to all the relevant social partners, aimed at starting a broad discussion on the matter.

Christofides said the package would be ready and presented to the public once these discussions have wrapped up.

There are a series of proposed measures, among which is the increase in social security contributions by 1.3 per cent every five years. This, said Christofides, applied to both employers and employees.

Asked whether the government was planning to introduce new taxes, he replied: “The government is examining the possibility of offering compensatory measures, in the even that new taxations are applied.”

(Source: Cyprus Mail)

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