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Energy Minister Outlines Support for Consumers Amidst Inflation

Energy Minister George Papanastasiou is implementing relief measures to support consumers facing inflation, including facilitating access to affordable energy and introducing transparent price comparison systems. The government’s focus on renewable energy solutions and tax interventions, such as zero VAT on essential products, aims to ease the financial burden on households and businesses amidst economic challenges.

consumer rights living costs

Cyprus Consumers in a ‘Dire Situation’

Consumers in Cyprus are facing a dire situation with rising costs of essential goods and energy, high interest rates, and soaring real estate prices, making it the second EU nation struggling with energy poverty. Calls for government intervention include taxing windfall profits, expanding the Cost of Living Allowance, reducing fuel prices, and providing economic support for electric car purchases to alleviate financial burdens on low and middleincome households.

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