The Financial Disclosures of Political Leaders

The Financial Disclosures of Political Leaders

On the Morning of July 16, the Financial Disclosures of Parliament Members Were Released to the Public.

The release of their financial statements was delayed, as it was initially supposed to happen at the beginning of June. However, in a letter dated June 27, the General Director of the Parliament, Tasoula Ieronymidou, informed MPs that they had to submit their financial disclosures by Monday, July 8. She also noted that the statements would be published on the Parliament’s website on the afternoon of Monday, July 15, but the publication was delayed by one day due to the commemorative nature of the day.

This is the last time the "Pothen Esches" statements will be submitted in this form, as a law passed last Thursday mandates that the disclosure of assets will now be done through capital statements.

Regarding political leaders, the main changes compared to 2021, the year of the previous Pothen Esches declaration, are recorded. It is noted that the parliamentary allowance increased from €87,009 in 2022 to €93,904 in 2023.

Financial Disclosures

Annita Demetriou, President of the Parliament and President of DISY, declared a mortgage of €222,000 compared to loans of €250,000 in 2021 and deposits of €139,000 compared to €7,879 in 2021. In 2021, she received a one-time parliamentary severance pay of €73,000. Her income from work increased from €78,945 in 2022 to €125,239 in 2023. Her total income acquired during the period since the previous declaration amounted to €373,700.

Stefanos Stefanou, General Secretary of AKEL, declared deposits in Hellenic Bank amounting to €45,031 and 263 shares in Demetra Investment Company. He receives the parliamentary allowance. He is a co-borrower with his wife on a mortgage loan of €6,182 from the Housing Finance Corporation and a co-borrower with his wife and daughter on student loans of €7,930 and €524 from the same organization. He declared an increase in deposits of €24,773 since 2021 and a reduction in debt by €19,105 due to the salaries of himself and his wife.

Nikolas Papadopoulos, President of DIKO, saw his parliamentary allowance increase from €87,009 in 2022 to €93,904 in 2023. He also had additional income of €10,000 in 2022 from the sale of a vehicle and €967,440 in 2023 from the sale of shares in Nextius Finance LNP LTD. His deposits in accounts other than credit cards amount to €333,000 compared to €51,686 previously, and he also declared shares and insurance contracts. His debts in mortgage loans amount to €345,896 compared to €411,844 in 2021.

Cyprus economic outlook for 2023: growth, inflation concerns | Cyprus Mail

Marinos Sizopoulos, President of EDEK, in addition to the parliamentary allowance, declared net income from his dermatology practice amounting to €20,000 annually. He did not declare any debt and has bank deposits of €145,000 compared to €80,000 in 2021.

Christos Christou, President of ELAM, declared bank deposits of €1,343 compared to €5,237 in 2021. He also has a mortgage loan of €204,395 compared to €223,064 in 2021, a loan of €1,188, and a loan of €12,300 compared to €27,000 in 2021.

Marios Karoyian, President of DIPA-Cooperation and former President of the Parliament, saw his parliamentary allowance increase from €124,164 annually in 2022 to €132,993 in 2023. He also noted that as a former President of the Parliament, he received a secretarial support allowance from the Ministry of Finance amounting to €36,000 gross. There was no change in his deposits. Regarding debts, he declared a loan of €380,000 from Ellinas Finance Public for land purchase, which he also declared in 2021 without stating a new balance. He also declared a residential loan from the Bank of Cyprus amounting to €475,000 from €582,000 in the previous declaration, with an initial amount of €925,000.

Alexandra Attalidou, MP and co-president of Volt, noted changes compared to her 2021 declaration due to savings increases. Her deposits amount to €150,000 from €62,609 in 2021. She also acquired a plot worth €282,000 in Livadia, Larnaca, as a gift from her husband. Ms. Attalidou receives a social pension from January 1, 2024, amounting to €519 per month and an EU pension from 2022 that totaled €48,199. She has no debts and also sold a plot in the USA for $25,000.

Loader