Cyprus Times

Giorgos Karoullas on CT: Bill for the National Fund for Loss of Use of Occupied Territories

Published February 14, 2026, 09:10
Giorgos Karoullas on CT: Bill for the National Fund for Loss of Use of Occupied Territories

MP for DISY Famagusta, Giorgos Karoullas, presented a bill for the establishment of a National Fund for Loss of Use of Occupied Territories, aiming to provide financial support to owners of occupied properties. The bill provides for the creation of an institutional framework to address the loss of use of property due to the Turkish occupation. Eligible individuals will be owners of occupied properties, based on specific criteria. Mr. Karoullas assured that the bill is not unconstitutional and does not violate international law. The implementation of the bill, if passed, will depend on the inclusion of funds in the state budget.