Insider Economy Ruling party calls for ‘civilised’ dialogue on 'golden' passports issue

Ruling party calls for ‘civilised’ dialogue on ‘golden’ passports issue

The government and ruling Disy are trying hard to shield the Mediterranean island’s controversial citizenship by investment scheme which has contributed enormously towards the economy’s recovery but whose future now appears uncertain.

Because recent critical press reports both at home and abroad have surfaced a number of grey areas which could have dire consequences on the EU-member state’s economy, according to Phileleftheros.

An investigation by Reuters revealed that dictatorial Cambodia’s elite were granted Cypriot passports back in 2016. This sparked the furor of the opposition and not only, forcing the government and Disy to embark on a campaign to convince that the scheme’s criteria have changed becoming more stricter over the past couple of years.

The government has gone as far as to announce that investigations will take place and passports will be recalled in the eventuality that a benefactor is proved to be involved in any money laundering activity.

Disy leader Averof Neophytou told Phileleftheros that this is not just empty words, and that citizenships will be recalled if necessary. He also called on the island’s political leadership to join the government in a ‘civilized’ dialogue over this very crucial issue.

“If additional checks and balances need to be put in place then we should go ahead and do it. Let’s have a civilized dialogue on this before this political furor gets to damage our economy,” he said.

“Just like in 2011 and 2012, Cyprus seems to have come again under the radar of foreign agencies and foreign financial centers which had targeted our financial sector. And we all experienced the dire consequences,” he added.

Neophytou also expressed the belief that no political party is against any incentives given out for the economy to recover. And that no political party has come out and publicly say that such incentives should be withdrawn.

Read more:


Top Stories

Cyprus President congratulates US President and Vice President for assuming their duties

Cyprus President Nicos Anastasiades congratulated on Wednesday US President Joe Biden and Vice President Kamala Harris for the assumption of their duties. “We stand ready...

Presentations of reservists postponed due to COVID-19

Taking into consideration the epidemiological situation due to the COVID-19 pandemic, the Defense Ministry announced that the postponement of all presentations of the reservists...

Parliament to report government to INTOSAI

The House Watchdog Committee will report the government to the International Organization of Supreme Audit Institutions (INTOSAI) because of reactions to the checking of...

Shooting federation examines cases of athletes’ sexual abuse

Speaking to philenews, President of the Shooting Federation of Cyprus Tziovanis Savvides said the federation has information about four cases of sexual abuse, in...

Health Minister on Indications that spreading of virus has been contained

In a written statement after his meeting with the Advisory Epidemiological Committee on COVID-19, Health Minister Konstantinos Ioannou said that there are indications that...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...