Cyprus government unveils two schemes to protect economy during COVID-19 crisis (2)

cyprus-government-unveils-two-schemes-to-protect-economy-during-covid-19-crisis-(2)
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 The government has unveiled two schemes to help workers keep their jobs and businesses to avoid bankruptcy amid the coronavirus pandemic.The two schemes were approved by the Cabinet on Thursday and were presented by Finance Minister Constantinos Petrides. He said the first provides for a suspension of loan payments for a period of nine months, or end of December 2020. The second provides government guarantees of up to two billion euros to banks to offer low-interest loans and to subsidize part …

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