Cyprus Government Announces €200 Million Relief Package; Business Chambers React
The Cyprus government has announced a €200 million package of eight measures, including a reduced VAT rate on electricity, to combat rising costs following the Middle East conflict. While the Cyprus Chamber of Commerce and Industry expressed satisfaction, the Cyprus Employers and Industrialists Federation welcomed the measures but warned that tourism sector assistance remains insufficient.
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Cyprus Business Now: relief package, tourism, BoC, property, energy, Cablenet
The government on Thursday announced a €200 million package of eight measures which it hopes will help combat rising costs after four weeks of war in the Middle East. Firstly, the reduced five-per-cent rate of value added tax on electricity will be extended until May next year, having initially been expected to expire in May this year, while […]
Read full article →Cyprus approves €100m package to shield households and tourism from Iran war side effects
The government yesterday approved a €100 million package of eight measures to counter the economic impact of US-led war against Iran, covering energy costs, food prices, tourism support and farming subsidies — on top of €100 million already in place. The Council of Ministers approved the package on Wednesday. Several of the measures were previously […]
By Eleftheria Paizanou
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