Emergency financial aid for residents of mountain regions

Date:

The provision of emergency financial aid to residents of mountainous areas is among the topics to be discussed at today’s Cabinet meeting, as mentioned by the President of the Republic, Nikos Christodoulides.

The President stated, “Today we will decide on the provision of emergency financial aid to all residents of our communities situated at an altitude of over 600 meters, amounting to 50 percent of the sum previously granted. This is significant. We are talking about approximately 23,000 eligible individuals from 10,000 households in 128 areas, with an expenditure close to €3 million.”

He noted, “This demonstrates responsible financial management, which not only addresses upgrades that are critically important for many reasons—it directly impacts people. Upgrades bring quality investments, reduce interest rates, and help us implement targeted social policies, increasing the number of beneficiaries compared to previous occasions. This is precisely because fiscal responsibility allows us to expand the pool of eligible recipients.”

Also read: Platres exchanges practices with EU municipalities via twinning

Share post:

Popular

More like this
Related

Police on alert ahead of livestock farmers’ protest at Rizoelia

Demonstration set for 11:00 tomorrow, with police urging participants...

REALTYon brings top developers and 200+ property opportunities

REALTYon will once again gather Cyprus's leading property developers,...

ON THIS DAY: Hindenburg disaster shocks world (1937)

Airship explodes in flames On this day in 1937, the...

Trump: If agreement isn’t reached with Iran, “the bombing starts”

Trump issues fresh warning to Iran US President Donald Trump...