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The Stelios Philanthropic Foundation has announced up to \u20ac260,000 in financial assistance<\/strong> for the families of people who died in the ferry sinking off the northern coast of Cyprus.<\/p>\n Eight people have been confirmed dead following the sinking on August 30, while 18 others remain missing.<\/p>\n Sir Stelios Haji-Ioannou, founder and president of the Stelios Philanthropic Foundation and creator of the easy family of brands, expressed his condolences to the families of those who lost their lives.<\/p>\n The foundation said it is offering \u20ac10,000 to the next of kin of each confirmed victim<\/strong> as an immediate gesture of support.<\/p>\n The assistance could eventually reach \u20ac260,000 if all 26 people currently reported dead or missing are confirmed to have died in the disaster.<\/p>\n The foundation said the payments are intended to provide immediate financial relief to families facing the consequences of the tragedy.<\/p>\n Payments will be made by bank transfer to the closest living relative of each victim, up to the second degree of kinship.<\/p>\n Priority will be given to the victim\u2019s spouse, followed by their father or mother, oldest adult child, and oldest brother or sister.<\/p>\n Eligible relatives will need to submit a written application demonstrating their relationship to the victim. They will also be required to provide contact details and bank information, including an IBAN, for the transfer.<\/p>\n Details of the application procedure will be published on the Stelios Philanthropic Foundation\u2019s website.<\/p>\n The foundation is a non-profit organisation supporting charitable initiatives in Cyprus, Greece, the United Kingdom, Ireland, Monaco and France.<\/p>\n Its work in Cyprus includes the Bi-Communal Business Cooperation Awards and Youth Entrepreneurship Awards, as well as the Food from the Heart programme, which provides food assistance to thousands of people experiencing financial hardship.<\/p>\n The foundation also supports vulnerable communities, people affected by major disasters, charitable organisations and university students through scholarships.<\/p>\n It has previously provided financial assistance to families affected by major tragedies, including the victims of serial killer Nicos Metaxas in Cyprus in 2019, the Mati wildfires near Athens in 2018 and the Tempi train disaster in Greece.<\/p>\n