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

Report urges Canada to keep MAID mental illness ban

Committee recommends indefinite exclusion Canada should 'indefinitely exclude' people with...

ON THIS DAY: International Day for Countering Hate Speech

Every year on 18 June, the world marks the...

Michelin Guide’s Gwendal Poullennec on expanding into new culinary territories

The restaurant and hotel guide’s international director discusses the...

Cyprus price levels reach 89% of EU average in 2025

Cyprus price levels reached 89% of the European Union...