Cyprus first EU member-state to exploit SURE financing, FinMin says

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Cyprus was the first EU member-state to benefit from low cost financing by the SURE facility (Support to mitigate Unemployment Risks in an Emergency) to protect the labour market from the adverse impact of the coronavirus pandemic, the Finance Ministry has said. In a press release issued on the occasion of the SURE’s first disbursement to Cyprus amounting to €250 million, the Ministry said that the remaining €229 million will be disbursed in early 2021. “The government’s sound planning amid the pandemic is proven …

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