Newsroom
In response to concerns over price hikes, the government has unveiled a set of targeted and broad-ranging measures aimed at alleviating financial strain for citizens. These measures, announced following an extraordinary Cabinet meeting chaired by President Nikos Christodoulides and Finance Minister Makis Kerianos, include:
1. Extension of targeted electricity subsidies for May and June.
2. Continued reduction of electricity tariffs.
3. One-time support for fuel costs for eligible households, distributed in April, May, and June.
4. €100 one-time support for transit allowance recipients.
5. Enhancement of low pensioners' allowance by €100 per month, benefiting 28,000 individuals.
President Christodoulides emphasized the government's commitment to addressing poverty with both targeted and broad initiatives, citing previous financial packages totaling €255 million. These measures aim to provide relief to those most affected by rising prices.
