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.