Cyprus parliament approves €83.9m ports authority budget despite deficit

The House of Representatives has unanimously approved the Cyprus Ports Authority (CPA) budget, amounting to €83,950,909. Notably, the 2026 budget is in deficit, with projected expenditure of €83,950,909 and expected revenue of €65,190,938. The revenues are expected to come primarily from port operations, generating €37,326,560, alongside income from investments, bank interest and various financial revenues […]