AKEL moves permanent housing interest subsidy to plenary vote

Date:

The AKEL proposal to remove the time limit on housing loan interest subsidies paid by the Central Agency for Equal Distribution of Burdens (CAEDB) will go before Parliament’s plenary this Thursday, AKEL MP and Chairman of the Parliamentary Committee on Refugees Nikos Kettiros announced on Tuesday.

The same bill had reached the plenary last week but voting was postponed at that point.

Kettiros said that during the committee session, the government, through CAEDB Chairman Akis Pourou, declared full support for the proposal.

“However, because the government has no intention of hiring five extra officers to process applications, they say they cannot implement it,” Kettiros stated, calling the argument “nonsensical”.

“We expect the bill to be adopted in plenary next Thursday. There is no issue of unconstitutionality, we have submitted detailed legal reasoning and Supreme Court jurisprudence. We are confident the President will not be able to refer it back,” he concluded.


Also read: Parties reach broad agreement on Cyprus tax reform package

For more videos and updates, check out our YouTube channel

Share post:

Popular

More like this
Related

HELLENiQ ENERGY agrees to acquire Cyprus fuel supplier STAROIL

Greek energy group HELLENiQ ENERGY has agreed to acquire...

Demosthenous murder trial begins in Limassol

The trial of three men accused of murdering Stavros...

94% of young people in Cyprus report good health, Eurostat finds

Around 94% of young people aged 16 to 29...

Anthropic IPO filing warns of potentially catastrophic risks from AI

Anthropic has said artificial intelligence could pose "catastrophic or...