Global Trade Alert
Global Trade Alert

Cyprus: EC approves a loan in support of Hermes Airports Limited

Announcement

17 Nov 2020

On 17 November 2020, the European Commission approved a State loan to support Hermes Airports Limited which faces liquidity constraints as a result of the COVID-19 pandemic.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Dec 2020

Revocation date:

No revocation date

Updated: 17 Nov 2020
State loan In force

On 17 November 2020, the European Commission approved a EUR 22.2 (USD 26.3) million State loan scheme from Cyprus. The aid will support Hermes Airports Limited whose revenues declined by ...

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