New measures in support of businesses and employees announced in Cyprus

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Cyprus Finance Minister Constantinos Petrides and Labour, Welfare and Social Insurance Minister Zeta Emilianidou announced on Thursday a new package of measures in support of businesses and employees who will be affected by measures in place to contain the COVID-19 pandemic. The measures include an employee subsidy scheme, a business subsidy scheme and a six-monthly extension of a suspension scheme on business and mortgage interest rates until June 20, 2021. Addressing a press conference Emilianidou said that the schemes announced today would …

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