energy subsidies

Growing tensions in Cyprus arise from the government’s decision to end electricity subsidies and reduced VAT on necessities, with the Green Party and Akel MP Giorgos Koukoumas warning that this will exacerbate financial strain on households already grappling with high living costs. As 28% of the population survives on an annual income of €14,000, they stress the urgent need for fairer economic policies and investment in renewable energy to protect consumers from rising expenses.