EDEK party response to new government cost-of-living measures

On October 2, 2026, the Cypriot political party EDEK issued a formal response regarding the government's recently announced package of measures aimed at combating the rising cost of living. The party expressed a measured stance, welcoming specific elements while simultaneously highlighting significant gaps in the current policy framework.

Key components of the government's plan supported by EDEK include the continuation of electricity cost subsidies for vulnerable consumers and small businesses, financial aid for residents in mountainous regions, and a reduction in VAT for household photovoltaic systems. However, EDEK argued that these interventions do not fully address the economic pressures currently facing households. The party proposed expanding support criteria to include low-wage workers, pensioners who marginally exceed current income thresholds, and young families residing in rented properties.

Furthermore, EDEK urged the government to implement more rigorous market monitoring, regularly publishing price data to ensure transparency. They maintained that given the country's solid public financial standing, the state has the capacity to offer more robust social support. The party also advocated for a broader strategy involving long-term housing policy and improved energy efficiency for residential buildings to alleviate the structural economic burdens on citizens.