Tuition subsidies for nursery school children
Two tuition schemes offering subsidies for kindergartens and nurseries were approved on Wednesday by the cabinet.
The budget for the tuition subsidies is estimated to be €22 million and a total ...
Subsidies, VAT cuts and housing aid rolled out
The government announced a series of measures on Wednesday to combat rising energy costs, including subsidies, VAT reductions and housing policies designed to support vulnerable groups.
The decisions were taken ...
Electricity subsidy and zero VAT on essential goods scrapped
The electricity subsidy and zero per cent VAT on 11 essential goods will be scrapped as of October 1.
A finance ministry announcement said the scheme which expires on September 30 does not ...
Govt extends electricity subsidy until end of October
The government on Wednesday announced it had extended the electricity subsidy until the end of October, meaning it will have been in place for exactly a year upon its currently ...
Zero VAT is saving consumers 8 per cent – minister
Finance Minister Makis Keravnos on Monday said that “significant benefits have accrued to consumers” after the zero VAT measure on meat and vegetables came into effect last December.
The measure, ...
Electricity and fuel subsidies extended into spring (Updated)
Government subsidies on electricity and fuel tax will be extended into the spring, President Nikos Christodoulides said on Wednesday.
The extensions to the subsidies were announced among a raft of ...
Applications for subsidised EV vehicles surge
Interest in the subsidy plans for purchasing electric vehicles has surged since the opening of the application process last Saturday, according to data released by the department of road transport.
...
Government ally calls out EAC for cheating on subsidised bills
President Nikos Christodoulides was on Monday urged by one of his government allies to get the state-run power utility to refund people in the next batch of electricity bills to ...
Growing calls to reinstate electricity bill subsidy
A growing number of citizens groups have pressed for a reinstatement of electricity subsidies in the midst of the ongoing heatwave but the official line, that state finances permit only ...
Opposition maintains pressure over end of fuel subsidies (Updated)
By Elias Hazou and Jonathan Shkurko
Opposition parties on Monday kept up the pressure on the government over its unpopular decision to scrap subsidies on electricity and on fuel, while ...
Cabinet extends subsidies on electricity bills
Subsidies for electricity bills have been extended for another two months in a bid to tackle inflationary pressures, the Cabinet decided on Wednesday.
The budget amounts to €30 million for the ...
€58.4m subsidy on electricity since September
The subsidy for the cost of electricity consumption from September 1, 2022 to January 31, 2023 amounted to €58.4 million, the finance ministry said on Thursday.
In an announcement, the ministry said that it had ...
More liquidity support for energy utilities under looser EU state aid rules
Energy companies, hit by soaring power and gas prices related to the war in Ukraine, can secure public guarantees exceeding 90% coverage from EU governments to cover margin call requirements under ...
Subsidies approved for families with kids are nursery schools
The cabinet has approved €16 million to subsidise the cost of nursery schools for children up to four years old.
It will subsidise the cost to families and feeding the children.
...
Number of cases in ‘subsidies scam’ rises to 49, two women re-remanded
Two women were re-remanded for eight days on Sunday after the number of people they allegedly scammed rose to 49, police said.
Last month Limassol police arrested a 30-year-old and a 41...
Cabinet approves subsidy scheme for upgrading rural and mountain areas (Updated)
The cabinet on Wednesday approved the subsidy plan for the revival of rural and mountain areas with the aim of enriching and upgrading the tourist product in these areas, it ...
Ceiling for housing and business loan subsidies extended
The government announced Friday it was extending the ceiling for housing and business loans included in its interest rate subsidy scheme, as well as its duration until the end of ...