Global Trade Alert
Global Trade Alert

Cyprus: EUR 100 million scheme for lump-sum payments to firms and self-employed persons (COVID-19)

Announcement

27 May 2020

In May 2020, the government of Cyprus announced a subsidy scheme worth EUR 100 million (approx. USD 96.3 million) in the form of grants for firms and entrepreneurs. The European Commission approved the scheme in November 2022.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

27 May 2020

Revocation date:

27 Nov 2020

Updated: 27 May 2020
Financial grant

On 27 May 2020, the Cyprus government adopted a EUR 100 million (approx. USD 96.3 million) grant scheme to support firms and entrepreneurs in the context of the Covid-19 pandemic. Th...

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