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MINISTRY OF ECONOMY: Reduction of the poverty line for retirees

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MINISTRY OF ECONOMY: Reduction of the poverty line for retirees

In a statement, the Ministry of Finance notes that according to official Eurostat statistics, the poverty risk faced by people aged 65 and over in Cyprus has decreased from 46.3% in 2008 to 24.6% in 2019. The same During this period, the risk of poverty faced by women decreased from 18.1% to 15.9%.

Overall, the poverty risk rate in 2019 decreased to 14.7% compared to 15.4% in 2018, with Cyprus having a lower poverty risk rate compared to the EU27 average of 16.8% and improving in its ranking from 12th to 11th out of 27 EU countries.

The government is determined to continue and intensify those policies that have led to growth, reducing unemployment and targeted benefit policies. In this endeavor he has sought and continues to seek consensus and cooperation with the entire political world.

Source: politis.com.cy

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