Parliamentary Committee to discuss new government support package
The Parliamentary Committee of Finance convenes Monday via teleconference to discuss a new government package to mitigate the economic impact to the real economy, amid the coronavirus outbreak.
The new package approved last week by the Council of Ministers, features state guarantees amounting to €1.5 billion for loans to business and self-employed persons, direct grants to very small businesses and self-employed, a bill featuring tax incentives to real estate owners who provide monthly rent reductions, as well as a bill to provide 18-month credit vouchers, backed by government guarantee for prepaid vacations, which have been cancelled due to the Covid-19 outbreak.
(CNA)
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The new package approved last week by the Council of Ministers, features state guarantees amounting to €1.5 billion for loans to business and self-employed persons, direct grants to very small businesses and self-employed, a bill featuring tax incentives to real estate owners who provide monthly rent reductions, as well as a bill to provide 18-month credit vouchers, backed by government guarantee for prepaid vacations, which have been cancelled due to the Covid-19 outbreak.
(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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