Upcoming Decisions on Green Fuel Tax
May 22, 2025
The government is expected to make decisions regarding the green tax on fuels by the end of the month. This tax will be around 3 to 4 cents per liter, although the European Commission is concerned about its suspension. There is a possibility that the measure might not be implemented, which could cost Cyprus 50-60 million euros from the Recovery Fund. The green taxes include other measures aimed at transitioning to green development.