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EC approves €87m Cypriot guarantee scheme for tourism sector
© Cyprus Mail | EC approves €87m Cypriot guarantee scheme for tourism sector

The European Commission on Tuesday announced that it had approved, under EU State aid rules, “an €86.6 million Cypriot scheme to support companies active in the tourism sector (including organisers of package travel, hotel businesses, and car rental companies) affected by the coronavirus outbreak.”
According to a written statement from Brussels, “the Commission found that the scheme is necessary, appropriate and proportionate to remedy a serious disturbance in the C….. Read More On: Cyprus Mail

Article Source: Cyprus Mail
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