Coronavirus: Cyprus economic package to amount to €1.5 billion

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Coronavirus: Cyprus economic package to amount...
 © CyprusMail 2020
The finance ministry is working to finalise a revised economic support package which will amount to at least €1.5 billion, approximately 7% of GDP, reliable sources told the Cyprus News Agency (CNA) on Monday.

Last week Finance Minister Constantinos Petrides announced a financial support package amounting to €700 million, equivalent to 3% of Cyprus’ GDP. However, Petrides following a meeting with parliamentary parties, announced the government will approve additional measures, including the provision of government guarantees.

According to a...


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

Coronavirus: Cyprus economic package to amount to €1.5 billion


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Article Tags: coronavirus, cyprus, economic, package, amount, billion,