Nicosia:The Central Agency for the Equal Distribution of Burdens has approved 57,853 applications amounting to £2.57 billion over its 30-year history, as reported by Deputy Director George Sofokleous to CNA.

According to Cyprus News Agency, the agency, established to aid refugees and displaced persons affected by the 1974 Turkish invasion, processes approximately 1,928 applications annually. Of these, 44,980 were related to loans totaling £1.38 billion, and 12,873 were for interest subsidies on loans amounting to £1.19 billion. These efforts aim to enhance the credibility and value of properties in occupied areas.

Data from the agency reveals that the loans include 33,514 student loans worth £858.284 million, 1,239 medical and pharmaceutical loans totaling £19.852 million, 4,587 housing loans amounting to £321.36 million, 2,924 loans for young couples worth £47.41 million, and 116 loans for young entrepreneurs totaling £2.525 million. Additionally, loans with rent subsidies involved 12,712 housing loans totaling £1.18 billion and 161 business loans amounting to £8.213 million.

As the agency celebrates its 30th anniversary, Sofokleous emphasized its ongoing commitment to supporting property owners in the occupied areas by updating its regulations and schemes, working toward the ultimate goal of returning to ancestral homes.