Coronavirus: Economy support package at least €1.5 billion

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Coronavirus: Economy support package at least...
 © In-Cyprus 2020
The government is close to finalising a rescue package for the economy to tackle the shockwaves brought about by Covid-19 measures, which according to a high-ranking official at the Finance Ministry will be minimum €1.5 billion, CNA reported on Monday.

The same official told CNA that the new measures will provide for direct state support, loss of state income (non-payment of taxes and other fees) and the provision of guarantees that do not carry immediate fiscal consequences.

Finance Minister Constantinos Petrides will reportedly conduct a series of sittings on the...


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This article was automatically added to our system 23-3-2020

Coronavirus: Economy support package at least €1.5 billion


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Article Tags: coronavirus, economy, support, package, least, billion,