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Government’s five economic support schemes published

 

The government’s five new, targeted schemes to support employees, businesses and the unemployed for the period June 13 to June 30, 2020 have been published in the official gazette and posted online on www.coronavirus.mlsi.gov.cy

The five schemes are budgeted at €150 m and will cover about 50,000 beneficiaries. They are:

  1. A scheme for hotels and tourist accommodation
  2. Economic activities linked to the tourism sector or affected by tourism
  3. Businesses still closed under decrees
  4. Special scheme for businesses of certain economic activities
  5. Special scheme to support the unemployed

The Labour Ministry said that an announcement will be follow on the special web page www.coronavirus.mlsi.gov.cy for applications for the specific period.

Five new schemes to bolster jobs, businesses

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