{"id":4289,"date":"2024-03-15T15:01:47","date_gmt":"2024-03-15T13:01:47","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=4289"},"modified":"2024-03-15T15:01:47","modified_gmt":"2024-03-15T13:01:47","slug":"energy-minister-promises-support-for-consumers","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=4289","title":{"rendered":"Energy minister promises support for consumers"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/energy-minister-promises-support-for-consumers.jpg\" class=\"ff-og-image-inserted\">Energy Minister <strong>George Papanastasiou invoked the name of late United States President John F Kennedy<\/strong> in a speech to mark World Consumer Rights Day on Friday.<\/p>\n<p>He said, \u201cas is well known, March 15 was established as World Consumer Rights Day by the United Nations in memory of a monumental speech delivered to Congress in 1962 by John F Kennedy.\u201cConsumers, according to President Kennedy, are perhaps the largest part of the economy, influencing, and being influenced by, almost every public or private economic decision.\u201dHe added that <strong>Kennedy had said, \u201cthe consumer is not a weak person<\/strong> who needs to be protected, but the most important person in the world.\u201dMoving on to the present, Papanastasiou said, \u201cthe economic and social challenges consumers face every day have in recent years been added to by the serious effects of global crises, such as the Covid-19 pandemic and the energy crisis.\u201dThese crises, he said, in addition to what he described as \u201cthe recent conflagration in the Middle East\u201d, have \u201ccreated <strong>conditions of economic instability and high inflation<\/strong>.\u201cFor every household, higher prices of goods and services, energy costs, and high interest rates are eroding the purchasing powers of wages, particularly impacting vulnerable groups of people.\u201dHe said both the government and his ministry are \u201clistening\u201d to the difficulties consumers are facing and are \u201ccommitted to finding solutions and targeted support measures.\u201dHe added, \u201c<strong>our main thought and priority is the introduction of cheap energy<\/strong>, so that businesses and consumers can substantially benefit.\u201dThis, he said, will go hand in hand with \u201cactive promotion\u201d of renewable energy sources and energy conservation, as evidenced by the recent launch of the \u201cPhotovoltaics for All\u201d scheme.He said that through this plan, \u201cour goal is to give as many household consumers as possible the opportunity to produce their own energy through the installation solar panels.\u201dHe also touched on the planned \u201ce-basket\u201d scheme, which, he said, \u201cwill provide the necessary transparency and day-to-day information on the prices of important household products.\u201dHe added that the \u201ce-basket\u201d will allow consumers \u201cto compare shopping basket prices\u201d between different shops.In addition, he referred to a bill which, if passed into law, will <strong>give the government the power to set maximum retail prices<\/strong> on various products at specific points of sale. The bill won cabinet\u2019s approval earlier this month.He also pointed out the government\u2019s policy of zero VAT on some essential products, which Finance Minister Makis Keravnos had last week said saves consumers eight per cent on their weekly shops.Follow the<br \/>\nCyprus Mail  on Google News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy Minister George Papanastasiou invoked the name of late United States President John F. Kennedy in a speech for World Consumer Rights Day, highlighting Kennedy&#8217;s view of consumers as central to the economy. Papanastasiou discussed the economic challenges exacerbated by global crises like the Covid-19 pandemic and the energy crisis, leading to economic instability and high inflation. He emphasized the government&#8217;s focus on introducing cheap energy, promoting renewable energy sources, and energy conservation, including the launch of the &#8220;Photovoltaics for All&#8221; scheme. Additionally, he mentioned the planned &#8220;e-basket&#8221; scheme for price transparency and a bill to allow the government to set maximum retail prices on certain products, alongside a policy of zero VAT on essential products to alleviate financial pressures on consumers.<\/p>\n","protected":false},"author":3,"featured_media":4290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[2064,2062,2021,432,3,2063,26,358,2023,10,11,569,518,250,415,67,899,1401,185,64,69,1004,1033,558,1812,1806,560,1358,1571,1759,544,18,444],"class_list":["post-4289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-cheap-energy","tag-consumer-rights","tag-consumers","tag-covid","tag-cyprus","tag-economic-challenges","tag-economy","tag-energy","tag-energy-costs","tag-energy-crisis","tag-energy-minister-george-papanastasiou","tag-finance","tag-finance-minister","tag-google","tag-government","tag-inflation","tag-interest","tag-interest-rates","tag-main","tag-makis-keravnos","tag-middle-east","tag-power","tag-prices","tag-renewable-energy","tag-rights","tag-services","tag-solar-panels","tag-support","tag-transparency","tag-united-nations","tag-united-states","tag-world","tag-zero"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- 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