Cyprus in first group of EU members to receive loan through SURE

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The Cyprus government submitted a timely application to the European Commission for a loan of €479,070,000 to fund government plans to support employment, which was adopted and Cyprus has been included in the first group of 15 member states to receive funds, through the programme Support to mitigate Unemployment Risks in an Emergency (SURE). According to the Ministry of Finance, Cyprus submitted eight plans, which were adopted by the European Commission. The loan is expected to bring about significant benefits over an …

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