[Cyprus Times] EDEK: The measures announced by the Finance Minister are in the right direction

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Press release of the EPP on measures against rising inflation and energy costs - "The EPP's proposal to subsidize food rations to nurseries and an increase in subsidies for photovoltaic panels."

The measures announced today by the Minister of Finance are in the right direction, The EDEK said in a written statement.

"It should be noted that among the measures announced are two measures that the EDEK proposed and adopted by the government in order to pass the 2021 budget," the EDEK added.

"These measures are the subsidy of feeding fees in daycare centres and the subsidy of photovoltaic panels," it notes.

"We believe that there is potential for improving some of the measures announced, such as:

1. Reduction of VAT on basic consumer products.
2. VAT to be levied only on the consumption of electricity and not on the total bill charges.
3. Increase controls on the illegal supply of fuel from the occupied territories and subsidise (and reduce) the price of electricity and/or fuel."
4. Increase controls on the illegal supply of fuel from the occupied territories and subsidise (and reduce) the price of electricity and/or fuel.

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