The government has extended the electricity subsidy until October 31, providing financial relief to around 400,000 households and 100,000 businesses with a budget of €12 million. The subsidy, based on electricity consumption levels, offers scaled benefits to help alleviate financial burdens caused by fluctuating energy prices.
The Cyprus Borrowers Association (Syprodat) is urging the government to implement a comprehensive strategy to address the rising cost of living for all citizens, not just the most vulnerable, amidst escalating fuel costs and rising prices of goods and services. They emphasize the need for inclusive financial relief measures to ensure economic stability for the entire population, highlighting the importance of a unified approach to support all individuals navigating these challenging economic times.
The government of Cyprus is offering financial support to families of patients seeking medical treatment abroad. Eligible households earning less than €100,000 annually can receive coverage for travel, accommodation, and food expenses for one accompanying relative, in an effort to ease the financial burden on families dealing with healthcarerelated travel.
The ‘Photovoltaics for All’ scheme, a green initiative offering grants for solar panel installations, received over 1,000 applications upon launch. This program, supported by EU and local contributions, aims to reduce energy costs and promote sustainability through accessible and affordable renewable energy solutions.
