11 measures to support vulnerable groups were announced by Finance Minister Constantinos Petridis on the basis of the decisions taken today by the Cabinet of Ministers, in an effort to alleviate somewhat the difficult economic situation faced by most households in Cyprus.
The total amount of the new package of measures amounts to €103 million.
Support to pensioners, vulnerable groups and extension of measures to reduce VAT on electricity.
Support to pensioners from July. Pensions of 165 thousand beneficiaries will increase 4.3% to around 34.million.
Vulnerable groups will be granted a one-off allowance of €150 for each child
13,008 households lump sum of 120 euros for each child
1804 households lump sum of 100 euros for the third or additional child
1587 households with 3 more children lump sum of 80 euros for each third child'
24,075
-Extension of the reduction of excise duty and VAT on fuel and electricity for domestic users
More in a moment...
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