With a speech after the meeting of the Council of Ministers, which is scheduled for 19:00 pm, President Anastasiadis will announce today the new measures to support employees and the economy.
In the aftermath of the collapse of the bill on state guarantees, the Government is now ready to announce Plan B for the economy.
As broadcast last night by SIGMA, the direct support of small businesses and self-employed workers must be taken for granted.
€ 100 million was the amount provided for in the package, which was withdrawn by the government and is not expected to increase dramatically. Information speaks of € 150 million.
Also in the picture are the choices of the European Investment Bank and the EBRD in order for local businesses to receive financing, as we have seen done many times in the past through banks.
According to information, the total support package, which will come from the European Investment Bank and the European Bank for Reconstruction and Development (EBRD) will be, in the first phase, of the order of € 0,5 billion with € 400 million coming through the European Investment Bank and the remaining € 100 million through the EBRD.
Bank of Cyprus, for example, already states in its financial results that it will provide liquidity to businesses and households to alleviate short-term challenges, through the new package that will be announced today.
Although it has not been clarified the amount of the interest rate subsidy (information indicates a 1% subsidy) from the new loans to companies that will be granted to cope, the subsidy rate may be increased in the first years of the loan and may decrease. as the loan nears its end.
Source: sigmalive