Insider Business DISY-DIKO agree on €100m social support package

DISY-DIKO agree on €100m social support package

DISY and DIKO are reported to have reached agreement on a €100 m package to support vulnerable groups, as well as borrowers and tax payers.

They include an increase in pensions and a reduction in the excise tax on fuel

The agreement follows a meeting between the presidents of DISY and DIKO Averoff Neophytou and Nicholas Papadopoulos with the ministers of finance and labour on Tuesday.

Phileleftheros said agreement was reached on three measures:

  1. €33m for borrowers who have their primary residence as collateral. The money will be used to subsidise interest payments. The scheme will modelled on the Estia scheme for vulnerable groups with NPLs, using the same income and property criteria, but is aimed at borrowers who are servicing their loans.
  2. A 5 cent cut in the excise tax on fuel which is expected to cost €45m.
  3. An increase of €50 in lowest pensions, at an annual cost of €22m, starting from 2019.

 

 

Top Stories

70-year-old woman in danger due to fire at her apartment

A 70-year-old woman was in danger today due to a fire that broke out at her apartment, in the area of Faneromeni, in Larnaca. According...

Where to get a rapid test on Thursday, 4 March

Aiming at the continuous surveillance of the community and the workplaces, the free programmes of rapid antigen testing of the general population and employees...

Jobless rise by an annual 28% in February 2021

The number of unemployed persons registered at the District Labour Offices on the last day of February 2021 in February 2021 rose to 32,789...

Strong earthquake shakes central Greece

An earthquake of magnitude 6.2 struck central Greece on Wednesday (March 3), sending people rushing from their houses but drawing no immediate reports of...

France eyes possible easing of COVID restrictions from mid-April – gov’t spokesman

France is preparing for a possible easing of measures aimed at curbing the COVID-19 pandemic from mid-April as it banks on an acceleration of...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...