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Global Trade Alert

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Cyprus: Introduction of interest rate subsidy scheme and grants to support new business loans

Description

On 25 June 2020, the European Commission approved a EUR 180 million (USD 201 million) interest rate subsidy scheme from Cyprus. The aid will support companies of any size and of any sector facing fina...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Jun 2020

Revocation date

31 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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