Üstel unveils 10-point youth help package deal
Oct 21, 2026 9:28 am
Ibrar Younas
184
PRIME Minister Ünal Üstel has introduced a 10-point package deal of proposed help for younger individuals, together with tax exemptions on automobiles and expertise, housing help, employment incentives and state-funded college tuition.
Talking on the Nationwide Unity Get together (UBP) “Younger Future Gathering” on Tuesday, Mr Üstel mentioned the measures aimed to ease monetary pressures on younger individuals and their households and assist forestall emigration.
The UBP chief mentioned implementation would start after the election, as soon as the mandatory preparations had been accomplished, with some measures focused for 2027.
Below the proposed “My First Automotive” scheme, individuals aged 18 to 25 would obtain a one-off VAT exemption when shopping for a car with an engine capability of 1,600cc or beneath. Curiosity help would even be accessible on three-year loans for purchases of registered second-hand autos.
Younger individuals aged 16 to 24 would qualify for one-off VAT exemptions on computer systems and tablets, in addition to their first smartphone. College students would even be provided free web packages.
On housing, Mr Üstel pledged to construct 5,000 houses for younger individuals over the following 5 years, with buy phrases designed round their monetary circumstances.
An “Ev-Yap” home-building mortgage scheme would supply low-interest, long-term finance to individuals who personal plots allotted underneath the agricultural land scheme. The present “My First Residence” mortgage programme would additionally proceed.
Newly married {couples} constructing on rural plots or buying social housing would qualify for customs obligation exemptions on white items upon presenting their marriage certificates.
Mr Üstel additionally proposed interest-supported marriage loans of 500,000TL, repayable over 36 months, for younger {couples} aged 18 to twenty-eight. Money help paid by the Social Insurance coverage Division to eligible newlyweds would rise to 200,000TL.
Employment measures, focused to start in January 2027, would offer 50,000TL in wage help and canopy 100 per cent of social safety contributions for younger individuals as much as the age of 35 getting into employment for the primary time.
The schooling proposals would see the state cowl college tuition charges from 2027 for TRNC residents positioned via an examination organised by the Training Ministry. Current college college students with a grade level common of no less than 3.00 would even be eligible.
Mr Üstel mentioned stopping youth emigration required sensible motion throughout schooling, employment, expertise, housing and household life.
Alongside the package deal, he introduced a wider social housing goal of 15,000 houses, multipurpose youth centres in all six districts and a Tradition and Arts Centre in Lefkoşa.
He additionally outlined a proposed “Cyprus Tech” initiative providing tax exemptions, credit score and social safety contribution help to younger individuals working in expertise.
Different ambitions included upgrading Girne and Gazimağusa ports, rebuilding Lefke port, growing marinas in Lefke and İskele, and reviving Cyprus Turkish Airways in 2028.
Mr Üstel additionally referred to tasks to deliver electrical energy from Türkiye, develop a pure fuel pipeline and develop fibre-optic infrastructure.
Stressing the significance of co-operation with Türkiye, he thanked President Recep Tayyip Erdoğan, Vice-President Cevdet Yılmaz, the Turkish Embassy and the Turkish individuals for his or her help.
