Ministerial: Support measures against punctuality are extended until October

"Green" light from the Ministry for extension of support measures

revma kalodia accuracy, SUPPORT MEASURES, Ministerial

The President of the Republic, Mr. Nikos Christodoulidis, presided today, at the Presidential Palace, at a meeting of the Council of Ministers.

After the meeting, the Government Spokesman Mr. Constantinos Letymiotis told the journalists that "the Council of Ministers approved today the proposal of the Minister of Finance to extend measures to compensate the living costs of households. The measures are part of the implementation of targeted measures, taking into account the fiscal conditions and challenges as well as the climatic conditions during the summer season.

Specifically, the Council of Ministers decided:

• to extend the scaled subsidy measure of the charging price of electricity consumption for the billing months July 2024 – October 2024, for electricity bills with counting until 31/10/2024, covering residential, commercial and industrial consumers, while for vulnerable consumers, the subsidy covers 100% of the increase in the price charged for electricity consumption.

The Extension Cost amounts to €12 million, and affects 400.000 households and 100.000 businesses

• to extend the application of the zero VAT rate on basic items until 30/9/2024.

The total Cost of the Extension amounts to €11 million.

The responsible, prudent and fiscal policy that the Government pursues, away from populism, away from benefits, lays the foundation for the Cypriot economy to successively upgrade, to have this positive image and to become an attractive investment destination, where we can also attract quality investments in our country, but also to be able to take targeted measures that substantially improve the daily life of our fellow citizens.

At the same time, we are intensively continuing the implementation of the governance program of President Christodoulidis, in order to take measures to permanently deal with energy precision, such as the rapid acceleration of the green transition in our country".