Cyprus President announces new set of measures to support businesses and the self-employed
Cyprus President, Nicos Anastasiades, announced on Wednesday, during a televised address a new set of measures with a view to support businesses and the self-employed hit from the coronavirus pandemic, by utilizing new tools for granting cheap loans of more than 1.7 billion euros.
Following a meeting of the Council of Ministers, Anastasiades said that the government decided to provide liquidity amounting to 800 million euros to finance Small and Medium Enterprises (SMEs), through the Cyprus Entrepreneurship Fund, noting that the new set of approved measures aims to support the real economy of the country, “utilizing fully the tools provided by the EU and the European institutions.
(CNA)
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Following a meeting of the Council of Ministers, Anastasiades said that the government decided to provide liquidity amounting to 800 million euros to finance Small and Medium Enterprises (SMEs), through the Cyprus Entrepreneurship Fund, noting that the new set of approved measures aims to support the real economy of the country, “utilizing fully the tools provided by the EU and the European institutions.
(CNA)
*The full text of the news item is available in the paid version of the CNA web service. Subscription Form
*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
from Cyprus News Agency
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