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The Cabinet decided on Thursday the reduction of VAT to 5% from 19% on Electricity Authority of Cyprus (EAC) bills for vulnerable groups or people in order to mitigate the burden of electricity price increases.In statements after the Cabinet meeting, Minister of Energy, Trade and Industry Natasa Pilides said the decision would be in place for the next six months. As she said, the government of Cyprus made use of the European Commission toolkit for measures to offer relief to …
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