Cyprus Times

Decision of the Commission on KEP confirms the correctness of policies, says the Spokesperson

Published March 12, 2026, 14:07
Decision of the Commission on KEP confirms the correctness of policies, says the Spokesperson

Government Spokesperson Konstantinos Letymbiotis described the European Commission's decision to terminate the infringement procedure regarding the Cyprus Investment Program (CIP) as a particularly important development for Cyprus. This decision confirms that the policies implemented were correct and that Cyprus has taken steps to address the issues that had arisen. Cyprus definitively abolished the possibility of granting citizenship to investors last October, while also conducting checks and revoking citizenship in cases where deemed necessary. The government emphasizes that the Commission's decision strengthens the institutional credibility of the country and demonstrates that political will can lead to effective functioning of institutions.