Newsroom
In today's last plenary session before the Christmas holidays, Cypriot MPs will vote on over 100 bills and legislative proposals, with attention focusing on several high-profile issues.
One of the most anticipated votes is the proposed amendment to the Vehicle Type Approval Act. This legislation addresses the recall and immobilization of vehicles with defective airbags that have been linked to explosions. If passed, the law could lead to thousands of vehicles being immobilized until the issue is resolved, making it a crucial move for public safety.
Another significant proposal set for a vote is an increase in childbirth assistance, which would expand the number of beneficiaries and extend the age limit for parental leave. These changes are aimed at providing more support for families, especially as the country faces demographic challenges.
The establishment and operation of foreign university branches in Cyprus is also on the agenda. MPs are expected to vote on a bill that would make it easier for foreign institutions to set up campuses on the island, a move that could boost the local economy and enhance Cyprus's reputation as a higher education hub.
In a move that has sparked debate, the AKEL party has proposed a 5% one-off tax on excess bank profits for the years 2024-2025. The proposal is a direct response to the increased interest rates and aims to address what the party sees as banks profiting unfairly in the current economic climate. MPs will vote on this controversial proposal today.
Another key item on the agenda is the 19th amendment to the Constitution, which seeks to guarantee the right to access a healthy and sustainable environment. Changes to the amendment, accepted by the Legal Committee, will be up for re-vote today.
Finally, the DIKO party will push for an increase in sponsorship for sports federations, proposing a 0.5% rise in the allocation. This amendment is seen as a way to support local sports and foster talent across Cyprus.
As MPs wrap up their legislative work for the year, all eyes will be on these critical votes that could shape the country’s policies for the year ahead. The plenary session is set to begin at 11:00 AM today.
