Cap on fuel prices, freeze on VAT
Parliament on Thursday voted through a legislative proposal that empowers the government to order a price cap on petroleum products, and also passed bills cutting to zero the VAT charged ...
Bill putting ceiling on prices at the pump heads to plenum
Main opposition party Akel said on Tuesday a bill allowing for a cap on the price of fuel products would head to the House plenum later this week.
The decision ...
Potato farmers issue cry for help as costs continue to rise
Calling for a meeting with the president, potato farmers on Tuesday said they will no longer be able to carry on planting their crop because of the continued increases in ...
Meeting Friday to look at ways to reduce electricity bills
A meeting at the presidential palace on Friday will examine ways of tackling high electricity prices, which have a knock-on effect on a host of consumer goods.
Convened by President ...
Inflation crisis: Does the government grasp the gravity of the situation?
Given that consumer prices will continue to rise over the coming months with increases in incomes falling far behind, even lower middle-income households are likely to experience financial problems
With ...
MPs discuss fuel price cap
Parliamentarians on Tuesday discussed a legislative proposal to cap fuel prices, a drastic move as petrol at the pump continued rising and are fast approaching €2 a litre.
The bill, tabled ...
Government evaluating targeted measures to help most vulnerable
The government is evaluating which targeted measures it could employ to alleviate the pressure faced by the most vulnerable sections of society amid rising prices, government spokesman Marios Pelekanos said ...
Greens propose free bus travel for all
The Greens have proposed free bus travel for all as way of dealing with the rising cost of fuel and persuading people to use public transport.
Instead of reducing the ...
Further rises expected as fuel costs continue to spiral
Another round of price rises on car fuel hit the market on Friday with the average price for unleaded 95 now at €1.81 per litre, with those in the industry warning of ...
Government expected to announce support for farmers
In the coming days the government will announce new measures to support the agriculture and animal husbandry sectors, hit by soaring commodity prices, while stocks of grains are adequate until ...
€2m support package for farmers being prepared
The agriculture ministry is preparing a €2 million support package for farmers amid a surge in prices as a result of Russia’s invasion of Ukraine, minister Costas Kadis said on ...
Government’s ‘dogmatism’ causes rising prices says Akel at rallies
The government has a “moral responsibility” to protect society and the economy from inflation because it is partly responsible for the increase of prices of essential goods, Akel general secretary ...
Our View: EU rule changing exposes states to populist demands
There is no economy anywhere in the world in which populism has proved an effective tool to tackle inflation, even though, listening to some Cyprus parties you would think it ...