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EC: €57 Million To Cyprus For Coronavirus Pandemic
November 9, 2020
The European Commission has approved the modification of the two operational programmes (OP) for Cyprus, which will release more than €57 million to help address the effects of the coronavirus pandemic on the country’s economy and health system.
The OP ‘Employment, Human Resources and Social Cohesion’, co-funded by the European Social Fund, is reinforced with €36 million to finance short time work schemes for more than 68,800 workers in Cyprus. €21 million of European Regional Development Fund resources are reallocated to support the health sector with appropriate equipment (masks, overalls, consumables) and staff.