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Vouchers with €80 million in state guarantees for tourists
© InCyprus | Vouchers with €80 million in state guarantees for tourists

The Cabinet approved on Thursday a bill that allows tourist businesses to offer their customers compensations in 18-month vouchers aiming to keep travel agencies and hotels afloat.
The bill covers pre-paid travel bookings that will not materialise due to Coronavirus, with the state guaranteeing payments to beneficiaries if businesses become insolvent.
According to Phileleftheros, this aims to resolve the issue of refunds due because of cancellations, now valued at over €80 million.
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Article Source: InCyprus
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