The Council of Ministers met today under the President of the Republic Mr.Nicos Anastasiades.
According to the a[/B]Deputy Government Spokesperson, Nivi Parisinou, the Council of Ministers approved the extension of the application period for the granting of state student care for the academic year 2021/2022 until Friday, May 6, 2022.
In addition, the Cabinet approved the Grant Scheme for the installation of a photovoltaic system for charging an electric vehicle or plug-in hybrid vehicle (2022). The scheme provides financial incentives in the form of a grant for the installation (or extension of an existing) photovoltaic (PV) system for the charging of an electric vehicle or plug-in hybrid vehicle and, optionally, for the purchase and installation of a charging point and/or the conversion of the electrical installation of the house from single-phase to three-phase and/or the purchase of a battery to store the energy produced by the PV system. The beneficiaries of the scheme are natural persons residing in a dwelling in which there is an electric vehicle or plug-in hybrid vehicle.
The budget of the proposed scheme amounts to EUR 1,500,000. The application procedure will remain open until 20/12/2023 or until the available budget is exhausted, whichever comes first.
This Grant Scheme is included in the Recovery and Resilience Plan (RSP) of Cyprus for the period 2021-2026 (Axis 2.2 Sustainable Transport) and will be funded by the European Union's Recovery and Resilience Mechanism (RRM).
In addition, the Council of Ministers approved the Project "Promoting the Circular Economy in Hotel Facilities". The Project, with a total budget of €1.4 million, will be financed by the European Union, which is 100% funded by the Recovery and Resilience Mechanism, is part of the 3rd Policy Axis of the Cyprus Recovery and Resilience Plan for Tomorrow for "Strengthening the resilience and competitiveness of the economy", aiming in combination with other measures to further strengthen a sustainable and high value-added tourism sector.
Through the Project, advisory services will be provided to the participating hotel enterprises, through workshops and training programmes, for the further development of the tourism sector.
