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Cyprus: Government introduces loan guarantee scheme worth EUR 86.6 million for tourism sector

Description

On 12 January 2021, the European Commission (EC) approved a EUR 86.6 million (approx. USD 105.3 million) loan guarantee scheme from Cyprus. The purpose of the scheme is to provide guarantees for packa...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

12 Jan 2021

Revocation date

30 Jun 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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