Health Minister confirms financial stability of SHSO

On November 6, 2026, during the discussion of the 2027 Ministry of Health budget before the Parliamentary Committee on Finance, Minister of Health Neophytos Charalambides provided reassurances regarding the financial viability of the State Health Services Organization (SHSO/OKYpY). He stated that the organization is not at risk of bankruptcy.

Minister Charalambides revealed that the SHSO currently holds financial reserves of approximately €300 million, which would allow the organization to operate even if it continues to run deficits for several years. However, he emphasized that this is not the government's objective, as the state aims to balance the organization's revenues and expenditures. The Minister also noted that state funding for the autonomy of public hospitals is set to conclude at the end of this year without plans for an extension.

Furthermore, the Minister highlighted an ongoing dispute between the SHSO and the Health Insurance Organization regarding the compensation for services provided by public hospitals. A separate agreement worth €100 million between the Ministry of Health and the SHSO is currently under review by the Legal Service.