economic relief measures

Akel Demands Cheaper Electricity

Akel demands cheaper electricity in Cyprus by proposing a switch to natural gas, reducing VAT on electricity, taxing windfall profits, promoting renewable energy, and extending electricity subsidies for immediate relief. Stefanos Stefanou urges the government to take swift action to alleviate financial strain caused by escalating electricity costs and increase transparency in energy policy decisions.

Alleviating the Cost-of-Living Crisis: Subsidies on Electricity and Fuel Extended

By Demis Papadopoulos

The government extends subsidies on electricity and fuel tax to relieve the costofliving crisis until spring, benefiting thousands of households and businesses in Cyprus. Additional support includes cash assistance for vulnerable groups, expanded aid for internally displaced persons, and tax adjustments to alleviate economic pressures.