As of Monday, November 1, anybody residing in Cyprus can get into the primary digital platform by means of which they will apply for a subsidy to buy a brand new non-electric bicycle.
Supplied they meet the necessities in the course of the software course of.
Subsidies will even be granted to the island’s disabled inhabitants, in line with an announcement by the Ministry of Transport, Communications and Works.
The bicycle incentive plan was permitted by Cupboard on October 15 and supplies an total funds of €570,000 over the following three years.
The utmost quantity of the subsidy is €200, together with VAT, or the precise buy value of the bicycle whichever is the smaller.
As for the acquisition of a bicycle by an individual with disabilities the utmost quantity of the subsidy is €800, together with VAT or, once more, the actual buy value of the bike whichever is the smallest.
A essential situation for securing the proper to subsidy is the overall price of shopping for a bicycle to not exceed €1,000 (VAT included) for metropolis, street and mountain bikes. For the disabled, bicycles shouldn’t exceed €4,000 – VAT included.