The government unveiled a comprehensive €196 mln package of measures, including fuel subsidies, to alleviate the financial burdens of the rising cost of living. The 17-measure package, including the reinstatement of an
Commissioner for State Aid Control Stella Michaelidou suggested Cyprus could adopt the French subsidy scheme for small and medium-sized enterprises (SMEs) impacted by the Ukraine war the European Commission approved. In her
Scorching temperatures prevailing over Cyprus are testing the island’s power production capacity, feeding growing calls for the government to rethink its decision to scrap an electricity bill subsidy. With air-conditioning units working
Car sales in the first four months of 2023 have increased by 23.4% compared to the same period last year, giving hope to importers that the market is reviving following a tough
Main opposition party DISY is attempting to keep a state subsidy on fuel prices at the pumps by tweaking a Finance Ministry bill aiming to halve it in May. In April, the
The government has decided to continue subsidising fuel prices at the pumps by extending a reduction on consumption tax for another two months. The Finance Ministry announced on Wednesday that the government
The government plans to extend a subsidy on electricity bills introduced by the previous administration but will discontinue a freeze on consumer fuel tax. According to Phileleftheros daily, quoting government sources, President
Authorities were flooded with nearly 4,000 applications under the €30 mln incentive scheme to encourage motorists to go electric, said the Transport Ministry. The scheme’s second phase ended on Thursday oversubscribed, with
Authorities were flooded with nearly 1,000 applications within 24 hours of the second phase of a €30 mln incentive scheme to encourage motorists to go electric went live. The Transport Ministry said
Cyprus Transport Ministry will launch a subsidy scheme for electric bicycles as part of the government’s urban mobility scheme to encourage the public to opt for greener and more sustainable means of
