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The European Commission has approved a €1 billion Cypriot scheme to support enterprises and self-employed individuals in the context of the coronavirus outbreak, a press release said on Tuesday.“The support will take the form of State guarantees on new loans. The measure will be open to companies active in all sectors (except the financial sector). The aim of the scheme is to provide liquidity for viable companies which experienced business disruption due to the coronavirus outbreak,” the press release read.Executive …
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