The Ministry of Finance is on the verge of finalizing a significant contract with OPAP Cyprus, signaling a new era in the exclusive management of certain lottery and betting games in Cyprus. The announcement came following a parliamentary inquiry by Stavros Papadouris, a member of the Green Party, highlighting the advanced stage of these negotiations.

Minister Keravnos emphasized the Ministry's commitment to updating the valuation of the transaction with OPAP Cyprus, citing the need to align it with the latest economic data. This move follows the recognition that the projections included in the existing valuation model are outdated and no longer reflect current economic realities.

"The updating of the transaction assessment is crucial to reflect the contemporary economic landscape and ensure compliance with EU guidelines on state aid," added Mr. Keravnos.

Upon completion of this update, the Ministry will be ready to proceed with the signing of the contract with OPAP Cyprus. The signing is scheduled for this month.