DISY MP George Pamboridis declared net assets of €3.37 million, the highest figure among 33 MPs whose annual asset declarations were published by the House of Representatives on Tuesday. However, 23 declarations remain outstanding.
Pamboridis, a lawyer who served as health minister from 2015 to 2018, reported family net assets of €5.29 million. His declaration lists substantial company-related receivables, property holdings, bank deposits and vehicles, alongside loans of almost €1 million.
The declarations were published under the 2024 legislation governing MPs’ asset disclosures, which grants the tax commissioner powers to audit the filings.
Pamboridis reports €2.79m in company-related receivables
Pamboridis declared €2.79 million in receivables linked to shareholder interests in four companies. This includes €1.98 million associated with a 20% stake in Vorando Holding Ltd.
His other declared assets include:
- Bank deposits of €376,207.
- Vehicles valued at €231,500, including two Porsches.
- Other assets worth €510,000.
- Twenty-six property entries valued at €419,000.
Most of the land listed was received through parental inheritance and declared at zero cost. His liabilities totalled €958,335, almost all associated with a single Eurobank facility.
Fotini Tsiridou ranks second
Limassol DISY MP Fotini Tsiridou recorded the second-highest individual net assets, at €996,892. Her family’s net assets totalled €1.54 million.
Her property holdings were valued at €2.2 million and included an apartment in London purchased in 2026 for €1.28 million.
Her declared income for the reporting period reached €1.27 million. This included €766,678 recorded as proceeds from the sale of an apartment in London under “Arrowtown” and €205,892 in dividends. She also declared loans of €1.25 million.
Her company interests include Mavrommatis Estates Limited, which holds real estate she values at approximately €4.2 million. The property was inherited in 2021, while the company’s share capital was listed at €1,000.
Asset declarations from Akel, Alma and Elam MPs
ALMA MP Irene Charalambides declared personal net assets of €569,292 and family net assets of €597,960. Her declaration included deposits of €166,969, valuables and paintings worth €82,000, and €160,100 in income from her parliamentary salary over the reporting period. Her spouse received €67,700 in pension income.
She also recorded €20,000 in donations. Her reconciliation statement uses a restated comparison base for the previous declaration.
ELAM MP Marios Pelekanos declared net assets of €417,198, rising to €1.07 million at family level. His declaration lists a plot and house in Livadia, Larnaca, purchased in 2009 for €293,965, as well as shares in land in Meniko that were donated.
He also reported life insurance products worth €45,044, deposits of €90,877 and two vehicles valued at €79,900.
DISY MP George Lysandrides declared €398,750 in net assets, or €408,431 including his family. His assets include a Limassol apartment valued at €225,000, two BMW saloons worth €115,000 and life insurance policies valued at €44,107.
AKEL MP Valentinos Fakontis reported personal net assets of €358,924 and family net assets of €425,902. His income of €407,103 included €103,669 in dividends. His expenses included €40,000 listed as donations to a relative.
Fakontis also declared a credit balance of €171,040 with Cyperland Property Developer Ltd and a debit balance of €37,850 with Fakontis Civil Engineers LLC.
Family assets differ significantly from personal wealth
Some MPs reported substantially higher assets at family level than in their own names.
AKEL MP Christos Christofides declared personal net assets of €184,801, compared with €798,471 for his family. The family’s declared income of €369,522 included €150,349 in his spouse’s salary. His statement also listed €66,180 in donations.
DIKO MP Panicos Leonidou reported family net assets of €432,022. His spouse received a lump sum of €139,113 from Limassol municipality, while declared expenses reached €422,879, including €129,375 in loan instalments.
DIKO MP Andreas Apostolou declared personal net assets of €195,534, but the family figure was €82,874, which was used in his reconciliation. He said no declaration had been filed in June 2024 because a pothen esches filing applied instead.
Two MPs declare negative net assets
Two MPs reported negative net assets.
AKEL MP Argentoula Ioannou declared minus €254,735 after listing a payable of €359,754 to Argentoulla Ioannou DEPE, a Cyprus company bearing her name.
ELAM MP Linos Hadjigeorgiou declared minus €47,727, with loans of €48,268 against deposits of just €541.
AKEL MP Ephraim Christou declared net assets of €7,010, consisting mainly of an Audi A3 Sportback valued at €7,000, received through a purchase and gift. His bank deposits totalled €10.
Twenty-three declarations remain outstanding
The House has yet to publish 23 declarations. Eleven newly elected MPs have not filed, according to the published information.
They are DISY MPs Charalambos Petrides, Andreas Constantinou, Dimos Georgiades and Michalis Kounounis; ELAM MPs Evgenios Chamboulas, Polys Anogyriatis and Andreas Papacharalambous; ALMA MP Michalis Paraskevas; and Direct Democracy MPs Yiannis Laouris, Demetris Souglis and Diana Constantinidou.
A further group of 12 re-elected MPs have declarations that are only updated to 2024, including House President Annita Dimitriou. Diko MP Chrysanthos Savvides appears to have a declaration updated to last year.
AKEL secretary-general Stefanos Stefanou and DIKO leader Nicholas Papadopoulos have also yet to file.
The House has not clarified when the remaining declarations will be published.
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