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Global financial crisis: Consecutive meetings and announcements of measures on Friday

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The President of the Republic Mr. Nikos Anastasiadis chaired today, at the Presidential Palace, a meeting on tackling the effects of the new global financial crisis.

Speaking to reporters after the meeting, Government Spokesman Marios Pelekanos said that “the President of the Republic, Mr. Nikos Anastasiadis, chaired a wide-ranging meeting attended by the Ministers of Finance, Transport and the Minister of Labor, Energy, and the Minister of Foreign Affairs. the Presidents of the Finance Council and the Economy and Competitiveness Council.

The meeting discussed the consequences of the Russian invasion of Ukraine and the new global economic crisis resulting in growing inflationary pressures that particularly affect vulnerable groups of the population.

The meeting discussed the measures taken , already, additional horizontal and/or targeted at vulnerable groups are taken measures that could be taken, taking into account the suggestions of political parties and social partners, as well as the suggestions of the Finance Council and the Economy and Competitiveness Council./p>

“By instructions of the President of the Republic, under the chairmanship of the Minister of Finance, successive meetings will be held in the coming days, in order to consider and specify the additional measures that will be proposed for approval by the Council of Ministers next Friday, May 27.”/p>

Asked, Mr. Pelekanos said that “all the measures that could be taken have been discussed, as well as the suggestions of the social partners, the political parties, the Economy Council, the Fiscal Council. A series of discussions will follow in the coming days, in order to present a holistic approach to the Council of Ministers, a comprehensive proposal that will take into account all the parameters “.

of VAT on electricity, the Spokesman said and these measures have been discussed today and “without wanting to prejudge the outcome of the meetings that will follow, they are measures that are expected to be extended.”

Asked to say whether there is the budgetary margin for additional measures, the Spokesman said that “an assessment has already been made by the Ministry of Finance. “During today's meeting, all the proposals were analyzed, so it will take some time for the Ministry of Finance in cooperation with all those involved to analyze in depth the situation and to specify the limits within which the Ministry of Finance can move.” Asked if the measures are targeted at vulnerable groups, businesses, etc., the spokesman said that “both horizontal and targeted measures were discussed”.

Asked if the issue of the price of Mr. Pelekanos said that “there is a specific methodology that is followed which is substantially new, for some months now, which has been agreed with both the General Accounting Office of the Republic and the Auditor General, in order to carry out very strict controls in fuel prices to avoid profiteering. “

Source: politis.com.cy

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