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Cyprus Parliament Reviews National Loss Fund Amid Asset Reforms

by THEFUTURE.TEAM

February 19, 2026

National Loss Fund And Confiscated Assets

In its recent session, the Parliamentary Committee on Refugees revisited the law proposal aimed at securing the National Loss Fund for the Use of Confiscated Assets. A representative from the Ministry of Finance affirmed that the accompanying regulations are under preparation and will be submitted once finalized, while also voicing opposition to the creation of an independent agency.

Legislative Proposals And Fiscal Perspectives

Originally introduced by DISY in September, the law is supported by two amendments tabled by AKEL and anticipates the incorporation of forthcoming regulations from the Ministry of Interior into legislation governing the Central Agency For Equitable Resource Distribution. Committee member Nikos Kettseros emphasized that with funding of €20 million, roughly four in ten confiscated property owners would receive about €2 per month, a figure that remains modest even under a €100 million scenario. The proposed amendments include reallocating unassigned funds from the Agency into a dedicated loss-of-use fund to bolster financial support.

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Housing Loan Subsidies And Transition Measures

Additional amendments under discussion involve the subsidization of housing loans at a 0% rate and the establishment of a six‐month transitional period starting January 1, 2027, to integrate older loans into the governing framework. The Ministry of Interior has stated that the regulations will focus on land valuation, clarifying that those who have sought refuge in the committee regarding confiscated assets will not be entitled to compensation. These measures indicate that the fund could operate effectively under the existing structure without necessitating a separate independent body. DISY legislator George Karoulas has advocated for a legally entrenched national fund with sustainable financing, while also expressing concerns about potential delays in finalizing the regulations.

KtiZó Initiative And Housing Regulations

The session also addressed the KtiZó initiative, designed to provide grants for existing multi-family buildings in government housing projects. Senior official Eirini Giannakou from the Department of Urban Planning and Housing announced the completion of a new guide spanning approximately 500 pages, which clearly defines procedures and responsibilities. Despite this progress, stakeholders noted ongoing challenges related to beneficiary contributions and property ownership classifications. Giannis Sofokleous, a senior official from the Ministry of Interior, confirmed that the guidelines are currently under review and will undergo legal scrutiny, with the expectation that minimal further revisions will be required thereafter.

Property Issues In The Industrial Zone

The committee also examined property disputes and delayed contracts affecting displaced residents in the Pane Polemidion Industrial Zone. The committee chair announced that a formal letter will be dispatched to the Minister of Interior, with the matter slated for further discussion on March 17. Local officials from the Municipality of Kato Polemidion and representatives of refugee organizations raised issues regarding access, parking, and property rights, calling for immediate remedial action.

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Cyprus Launches Survey To Shape New Cybersecurity Startup Funding Programme

The Cyprus Chamber of Commerce and Industry (Keve) has informed businesses about a new survey launched by the Digital Security Authority (DSA) to assess the needs of cybersecurity startups ahead of a planned funding programme.

Industry Consultation Begins Before Funding Rollout

Launched by the DSA in its capacity as Cyprus’ National Cybersecurity Coordination Centre (NCC-CY), the survey aims to gather information on the challenges, priorities and development needs of startups operating in the cybersecurity sector.

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Its findings will help shape a future grant scheme while providing authorities with a clearer understanding of the needs of companies active in the industry.

Grant Scheme Tied To European Cybersecurity Objectives

Implementation of the support programme will take place through the European N4CY2 project and is aligned with Regulation (EU) 2021/887, which focuses on strengthening cybersecurity capabilities, resilience and innovation across the European Union.

According to the DSA, feedback collected through the survey will contribute to the development of funding measures aimed at supporting the growth of cybersecurity startups.

Why Startup Participation Matters

Keve encouraged startups and other stakeholders to participate in the consultation process, noting that their input can help ensure future support measures reflect the realities and challenges faced by the sector.

Areas covered by the questionnaire include business development, innovation, operational challenges and future growth opportunities within the cybersecurity ecosystem.

Through direct feedback from market participants, the DSA aims to design a funding programme that is better aligned with the needs of emerging cybersecurity companies.

Survey Open Until June 26

Eligible businesses are being encouraged to complete the questionnaire and contribute to the consultation process before the scheme is launched. Responses will be accepted until June 26, 2026.

The chamber said the information submitted will be used exclusively for the design of the grant scheme and will be handled under strict confidentiality. Businesses interested in participating can access the questionnaire here.