Socrates Joachim
Forbes presents the payments in excess of € 1 million made in 2020 by ministries, sub-ministries, departments, services and special funds of the government in physical or legal for 2020, through data obtained from the general accounting of the Republic. Government sponsorship, lending, state contribution as an employer, purchase of services and construction of projects, were the main reasons for the payments made in 2020 by the state funds with the health sector due to the effort made to deal with the pandemic to record the largest expenses. We present the 100 biggest players who received the most money last year.
The data presented relate to payments made through the FIMAS accounting system, which is used by all Ministries / Undersecretaries / Departments / Services and Special Funds. Payments relate to purchases, sponsorships and other purposes. The amounts presented relate to total payments (before deducting any set-off against debts to the State). Excludes payments for defense expenditures and payments for public debt service. Finally, payments are excluded for which the State acts exclusively as an intermediary.
Analytically:
NAME OF NATURAL OR LEGAL ENTITY
1) HEALTH INSURANCE ORGANIZATION € 390.7 MILLION.
State Contribution to the General Health Plan through State Sponsorship, and Contributions as an Employer
2) EUROPEAN COMMISSION € 247.7 MILLION .
Own Resource Payments
3) UNIVERSITY OF CYPRUS € 82.9 MILLION.
State Sponsorship
4) ORGANIZATION OF STATE HEALTH SERVICES € 82.0 MILLION.
State Sponsorship
5) CENTRAL BODY OF EQUAL WEIGHT DISTRIBUTION € 58.4 MILLION.
State Sponsorship
6) PRINCIPLE OF ELECTRICITY OF CYPRUS € 44.8 MILLION.
Electricity Consumption
7) CYPRUS UNIVERSITY OF TECHNOLOGY € 42.2 MILLION.
State Sponsorship
8) MUNICIPALITY OF NICOSIA € 41 MILLION.
State Sponsorship for Projects Co-financed by the Structural Funds and Implemented by Non-Governmental Services,
9) DEFA LTD € 40.8 MILLION.
For Construction Projects and State Sponsorship
10) CYPRUS SPORTS ORGANIZATION € 37.6 MILLION.
State Sponsorship
11) FOUNDATION FOR RESEARCH AND INNOVATION € 36.2 MILLION.
State Sponsorship
12) CYPRUS AGRICULTURAL PAYMENT ORGANIZATION € 29.5 MILLION.
State Sponsorship
13) HERMES AIRPORTS LIMITED € 28.3 MILLION .
Extraordinary lending for support due to COVID-19
14) CYPRUS RADIO INSTITUTE € 27.0 MILLION.
State Sponsorship
15) MUNICIPALITY OF LIMASSOL € 25.6 MILLION.
State Sponsorship and Projects Co-financed by the Structural Funds and Implemented by Non-Governmental Services
16) CYFIELD CONSTRUCTION LTD € 22.4 MILLION.
Road Construction / Maintenance / Improvement
17) CYPRUS TELECOMMUNICATIONS AUTHORITY € 21.2 MILLION.
Telephone Charges
18) MUNICIPALITY OF LARNACA € 17.5 MILLION.
State Sponsorship, and Projects Co-financed by the Structural Funds and Implemented by Non-Governmental Services
19) UNFICYP UNITED NATIONS FORCE IN CYPRUS € 15.8 MILLION .
Peacekeeping Force
20) Η . Ε . MSJACOVIDES & CO LTD € 15,5 MILLION.
Purchase of Medicines and Vaccines
21) CYPRUS BANK ONCOLOGY CENTER € 15 MILLION.
State Sponsorship
22) IACOVOU CONSTRUCTION LTD € 14.2 MILLION .
Road Construction / Maintenance / Upgrading and Construction Projects
23) LIMASSOL PASSENGER TRANSPORT COMPANY (EMEL) LIMITED € 13.9 MILLION.
Public Passenger Transport
24) WELBON LTD € 13.7 MILLION.
Purchase of Government Buildings
25) INSTITUTE OF NEUROLOGY & GENETICS € 13.1 MILLION.
State Sponsorship
26) DEUTSCHE VERBINDUNGSSTELLE KRANKENVERSICHERUNG – AUSLAND € 11.4 MILLION.
Cypriot Treatment Plan Abroad
27) MUNICIPALITY OF STROVOLOS € 11.1 MILLION.
State Sponsorship for Projects Co-financed by the Structural Funds and Implemented by Non-Governmental Services
28) MUNICIPALITY OF PAFOS € 10.7 MILLION.
State Sponsorship / Sustainable Development of Fisheries Areas
29) CARAMONDANI DESALINATION PLANTS LTD € 10.6 MILLION .
Water Market
30) SEWERAGE COUNCIL OF LIMASSOL LEARNING € 10.6 MILLION.
Government Contribution to Municipal Sewerage Councils / Rainwater Sewerage Plan for Major Areas of Cities / Biological Systems Maintenance / Sewerage Fees
31) BARNAVAS HATZIPANAGIS LTD € 10.3 MILLION.
Purchase of Medicines and Vaccines
32) CA PAPAELLINA & CO LIMITED € 10 MILLION .
Purchase of Medicines and Vaccines
33) CYPRUS PORT AUTHORITY € 9.9 MILLION.
State Sponsorship
34) ROCHE (HELLAS) S. A. € 9.7 MILLION
Purchase of Medicines and Vaccines
35) GENESIS PHARMA ( CYPRUS ) LIMITED € 9.4 MILLION.
Purchase of Medicines and Vaccines
36) NPT NICOSIA PUBLIC TRANSPORT SERVICES AND OPERATIONS LTD € 9 MILLION .
Public Passenger Transport
37) FIG. HELLENIC SCHOOLS OF LIMASSOL € 8.9 MILLION.
State Sponsorship
38) PETROLINA HOLDINGS (PUBLIC) LTD € 8.3 MILLION .
Fuel Market
39) O RGANISMOS COMMUNICATIONS Nicosia District (O.S.E.L.) LIMITED € 7,9 MILLION.
Public Passenger Transport
40) STATE LOTTERY € 7.6 MILLION.
Replenishment of State Lottery Fund for the purpose of paying winnings to the winners of winning lotteries
41) NET-U CONSULTANTS LTD € 7.4 MILLION .
Purchase / Maintenance of Computer Equipment
42) THE CYPRUS INSTITUTE € 7.4 MILLION.
State Sponsorship
43) GEO . PAVLIDES & ARAOUZOS PHARMACEUTICALS LIMITED € 7.2 MILLION.
Purchase of Medicines and Vaccines
44) Μ.Ε. Famagusta Buses LTD € 7.1 MILLION.
Public Passenger Transport
45) A. ARISTOTELOUS CONSTRUCTION LTD € 5.9 MILLION.
Construction / Improvements of School Buildings
46) LINAC – PET SCAN OPCO LIMITED € 5.9 MILLION.
Medical Care in Cyprus
47) THEATER ORGANIZATION OF CYPRUS € 5.8 MILLION.
State Sponsorship
48) DIMITRIADIS AND PAPAELLINAS LIMITED € 5.6 MILLION.
Purchase of Medicines and Vaccines
49) NIPD GENETICS LTD € 5.6 MILLION.
Purchase of Services
50) CYFIELD ENGINEERING AND CONTRACTING PUBLIC LIMITED € 5.4 MILLION .
Sewage Sewerage Plans in Villages
51) PENSION AND GRANTS FUND OF THE CYPRUS RADIO INSTITUTE € 5.3 MILLION.
State Sponsorship
52) C & S AMERICAN HEART INSTITUTE LIMITED € 5.2 MILLION .
Medical Care in Cyprus
53) PAPHOS TRANSPORT ORGANIZATION (OSYPA) LIMITED € 5.2 MILLION.
Public Passenger Transport
54) MARIOS THEOCHARIDIS LTD € 4.7 MILLION .
Medical Supplies
55) FIG. ΕΦ. – EFORIA OF HELLENIC SCHOOLS OF NICOSIA € 4.6 MILLION.
State Sponsorship
56) FIG. ΕΦ. STROVOLOU € 4.6 MILLION.
State Sponsorship
57) ALECTOR PHARMACEUTICAL LIMITED € 4.5 MILLION.
Purchase of Medicines and Vaccines
58) CARAMONDANI BROS PUBLIC CO LIMITED € 4.3 MILLION .
Creation of Seawater Desalination Units / Maintenance of Electromechanical Installations and Equipment
59) ΕΦΟΡ.ΕΛΛΗΝΙΚΩΝ ΕΚΠΑΙΔΕΥΤ.Λ / ΚΑΣ € 4.3 ΕΚΑΤ.
State Sponsorship
60) MUNICIPALITY OF AGIA NAPAS € 4.3 MILLION.
State Sponsorship
61) MUNICIPALITY OF LAKATAMIA € 4.2 MILLION.
State Sponsorship
62) OPEN UNIVERSITY OF CYPRUS € 4.2 MILLION.
State Sponsorship
63) MN LARNACA DESALINATION CO. LTD € 4,1 MILLION.
Water Market
64) MEDITERRANEAN HOSPITAL OF CYPRUS (MHOC) LIMITED € 4.1 MILLION .
Medical Care in Cyprus
65) MUNICIPALITY OF AGLANTZIA € 4 MILLION.
State Sponsorship
66) LPT LARNACA PUBLIC TRANSPORT SERVICES AND OPERATIONS LTD € 3.9 MILLION .
Public Passenger Transport
67) FIG. PAFOS € 3.9 MILLION.
State Sponsorship
68) PHARMACEUTICAL ORGANIZATION OF CYPRUS LTD € 3.8 MILLION .
Purchase of Medicines and Vaccines
69) LOGICOM SOLUTIONS LIMITED € 3.8 MILLION.
Purchase / Maintenance of Computer Equipment
70) AVIOMEDIC LTD € 3.6 MILLION.
Cypriot Treatment Plan Abroad
71) LIFEPHARMA (Z. A. M.) LIMITED € 3,6 million.
Purchase of Medicines and Vaccines
72) VERIDOS GMBH € 3.6 MILLION.
Purchase of Archival Material
73) BLACK OF EOKA COMPETITORS € 3.5 MILLION.
Medical Care in Cyprus
74) CYPRUS YOUTH ORGANIZATION € 3.4 MILLION.
State Sponsorship
75) GALATARIOTIS TECHNICAL LTD € 3.3 MILLION .
Purchase of Computer Equipment, Programs and Services
76) SCIENTRONICS LTD € 3.2 MILLION.
Purchase of Consumables and Equipment
77) N. GABRIIL & SONS LIMITED € 3.2 MILLION.
Improvements / Extensions / Construction of School Buildings
78) Λ.Λ.Λ.Α. INTERVIEW BUSES € 3.2 MILLION.
Public Passenger Transport
79) M. N. LIMASSOL WATER CO . LTD € 3.1 MILLION
Water Market
80) PAN-CYPRIOT BAR ASSOCIATION € 3.1 MILLION.
Projects Co-financed by the Structural Funds and Implemented by Non-Governmental Services
81) HELLENIC TECHNICAL ENTERPRISES LTD € 2.9 MILLION .
Purchase / Maintenance of Computer Equipment
82) CYPRUS HYDROCARBONS COMPANY (E.Y.K) LTD € 2.9 MILLION.
State Sponsorship
83) MUNICIPALITY OF PARALIMNI € 2.9 MILLION.
State Sponsorship
84) CYPRUS SYMPHONY ORCHESTRA FOUNDATION € 2.9 MILLION.
State Sponsorship
85) CURTIS, MALLET-PREVOST, COLT & MOSLE LLP € 2.8 MILLION .
Expenses of Experts and / or Witnesses
86) MUNICIPALITY OF AGIOS ATHANASIOS € 2.8 MILLION.
State Sponsorship
87) MUNICIPALITY OF ARADIPPOU € 2.8 MILLION.
– State Sponsorship
88) MUNICIPALITY OF KATO POLEMIDION € 2.7 MILLION.
– State Sponsorship
89) MUNICIPALITY OF IDALI € 2.6 MILLION.
State Sponsorship / Landscaping, Renovation and Pedestrianization of Squares and Other Areas
90) MEDILINK PHARMACEUTICALS LTD € 2.6 MILLION.
Purchase of Medicines and Vaccines
91) HFC “HOPE FOR CHILDREN” UNCRC POLICY CENTER € 2.6 MILLION .
State Sponsorship
92) LARNAKOS “ZENONAS” BUS LTD € 2.6 MILLION.
Public Passenger Transport
93) MUNICIPALITY INSIDE THE NEIGHBORHOOD € 2.6 MILLION.
State Sponsorship
94) MUNICIPALITY OF LATSIA € 2.6 MILLION.
State Sponsorship
95) MUNICIPALITY OF AGIOS DOMETIOS € 2.6 MILLION.
State Sponsorship
96) BELL TEXTRON PRAGUE AS € 2.6 MILLION .
Maintenance of Aircraft and Helicopters
97) CYPRUS INVESTMENT PROMOTION AGENCY € 2.5 MILLION .
State Sponsorship
98) CHRIST-STELIOS IOANNOS FOUNDATION € 2.5 MILLION.
State Sponsorship
99) LARNACA SEWERAGE COUNCIL € 2.5 million.
Sewerage Fees / Government Contribution to Municipal Sewerage Councils
100) EUROCONTROL € 2.5 million
Contributions to International Organizations
From the October issue of Forbes