Cyprus Business Now: Paphos, Keravnos, social benefits, energy, inflation, Famagusta

The Cabinet on Wednesday approved a proposal from the Finance Ministry to establish a fast dispute resolution mechanism aimed at addressing delays in major public works projects.

Finance Minister  Makis Keravnos  explained that the government had inherited “ problematic public contracts ” which had been subject to time-consuming court procedures and had resulted in  significant delays  to important projects.

Keravnos stated after the Cabinet meeting that the mechanism would be