State considers granting €2 billion guarantees to unlock credit to the economy amid COVID19 epidemic

Click For Larger Image & Read More
State considers granting €2 billion guarantees...
 © Parikiaki 2020
The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations, hit by the coronavirus epidemic.

The plan, which will be put into consultation with the Cypriot banks provides for the granting of government guarantees to SMEs and self-employed persons amounting to €1.7 billion and €0.3 bl for large corporations.

The aim of the plan, a copy of which was obtained by CNA, “is to provide state government...


Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 24-3-2020

State considers granting €2 billion guarantees to unlock credit to the economy amid COVID19 epidemic


The contents of this article including any associated images are © Parikiaki 2020
Views & opinions expressed in this article are those of the author and/or Parikiaki .

Advertise Here

  Trending Cyprus News

Advertise Here

Article Tags: state, considers, granting, billion, guarantees, unlock, credit, economy, covid19, epidemic,