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

Student housing in Cyprus faces rising demand

Demand for student housing in Cyprus is increasing as...

Over 97,000 commercial flights recorded at Larnaca and Paphos in 2025

A total of 97,096 commercial flights were recorded at...

US-Canada oil trade faces growing pressure

The US-Canada oil trade could face serious consequences following...

King Harald V dies aged 89 after 35-year reign

Norway has entered a period of national mourning following...