Cyprus’s Cabinet approved a financial aid package worth up to 45,000 euros today for households whose homes and equipment were damaged in the severe storms of August 29, alongside compensation for solar power systems, business premises and vehicles.
Interior Minister Constantinos Ioannou said the storms caused extensive material damage to homes, business premises, farming and livestock facilities, vehicles and solar power systems.
The Nicosia district has recorded the most damage, with 183 affected homes declared so far. Larnaca reported damage to 12 homes, one livestock premises and two vehicles. Paphos recorded damage to 12 homes and one business premises, Limassol to 11 homes, and Famagusta to two homes and one church.
District Administrations will continue recording damage until next Monday, when a final total of affected properties and vehicles is expected.
How the aid will be calculated
For uninsured privately owned permanent homes, aid will cover 80 per cent of the estimated damage, up to 20,000 euros for the building and up to 15,000 euros for equipment.
For uninsured solar power systems on privately owned permanent homes, aid will also cover 80 per cent of the estimated damage, up to a maximum of 7,000 euros.
Uninsured business premises will receive aid covering 70 per cent of the estimated damage, up to 30,000 euros for the building and up to 10,000 euros for equipment.
For vehicles without insurance cover for this specific damage, aid will amount to 75 per cent of the estimated damage, capped at 5,000 euros per vehicle, subject to specific conditions.
Homes, business premises and vehicles that are insured will receive ex gratia aid equal to the estimated damage, up to the value of the insurance excess.
Aid will apply only to buildings holding a valid planning permit from the competent authority, and to permanent, licensed structures. The Interior Ministry is expected to publish a detailed table setting out the full criteria and amounts.
