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Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions
March 17, 2020
Cyprus announced a financial support package of € 700m, equivalent to 3% of the GDP which includes a series of measures, covering health, finance and labour issues valid from 16 March until the end of April, in an effort to relieve citizens from the repercussions of the coronavirus outbreak.
Speaking after a marathon cabinet meeting on Sunday, President of the Republic Nicos Anastasiades, flanked by his ministers of Finance, Health and Labour announced a further 100 million euro for the public health sector, all private businesses to suspend operations until end of April, while those who wish to enter the Republic will have to present certificates from certified health institutions from the country of origin.
He also said those arriving in Cyprus will have to be placed in quarantine for 14 days in areas designated by the state.
Students studying overseas are asked to remain put and a 750 euro grant will be given to them for financial assistance.
Supermarkets, petrol stations, pharmacies and kiosks are the only businesses that can remain open until the end of April.