Government extends interest rate subsidy scheme, increases ceiling for eligible loans

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The government extended the interest rate subsidy scheme for both housing and corporate loans until the end of 2021 and raised the ceilings for eligible loans for both retail and corporate loans, Finance Minister Constantinos Petrides said on Friday, vowing that the government will utilise all EU tools in a bid to support households and businesses amid the coronavirus pandemic. “We are aware of market challenges and we heed the cries of our fellow citizens and we will continue to support …

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