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Cyprus President Christodoulides Launches Nationwide Tour to Address Rural Development

by THEFUTURE.TEAM

September 9, 2024

President, Nikos Christodoulides has announced a tour of all districts, starting from rural areas, to discuss with the local key actors the Local Government reform which kicked in last July.

He was speaking on the sidelines of a 7 September event at the Presidential Residence in Troodos organised by First Lady, Philippa Karsera-Christodoulides, for the promotion of small, local businesses.

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President Christodoulides stated that the revitalisation of rural areas was among the Government’s priorities. “To be able to achieve this, a holistic approach is required, which is about the existence of conditions, especially for young couples, to return to our countryside”, he added.

He referred to a housing scheme announced by the Government while also noting that the Government places special emphasis on education and health in rural areas as well as businesses.

President Christodoulides said that several projects have been done while “even more” would follow.

He also said that he would, in the near future, start a tour of all districts, starting from rural areas, following the implementation of the local government reform, to discuss with local key actors to see how to create the conditions to attract more people in rural areas and proceed with the announcement of even more specific actions.

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Industry Uproar Over Reduction in Electric Vehicle Subsidies

by News Editor

April 26, 2025

The recent move by the government to curtail subsidies for electric vehicles has stirred significant discontent among car importers in Cyprus. The Department of Road Transport (DRT) has slashed available grants under the Electric Vehicle Promotion Scheme as of April 23, leading to a rapid depletion of the subsidy pool and leaving many potential applicants disappointed.

Importers’ Concerns

According to the Cyprus Motor Vehicle Importers Association (CMVIA), the lack of transparency and failure to engage stakeholders prior to the decision have eroded trust in the government’s commitments. Importers now find themselves facing a precarious situation, with substantial stocks of electric vehicles and mounting promotional expenditures.

Public Interest and EU Compliance

Although the scheme aimed to support the transition to zero-emission transport until 2025, the DRT states that the curtailing of funds was necessary to comply with European funding terms, which warned against delays in vehicle deliveries. This decision has fueled market uncertainty despite the application portal experiencing dynamic changes.

Industry’s Ongoing Demand

The CMVIA refutes any claims suggesting waning interest in electric vehicles, underscoring the rapid exhaustion of available grants as proof of substantial demand. They highlight the importance of meeting Cyprus’s green transition targets, including putting 80,000 electric vehicles on roads by 2030.

While the total budget for subsidies saw an increase to €36.5 million in 2023, thanks to additional funding, ongoing difficulties in timely vehicle distribution have led to premature closures of applications. In response, CMVIA has called for urgent dialogue with the Minister of Transport to reassess the decision, fearing that it could endanger the future of e-mobility in Cyprus.