The Commission announced on Thursday that it has approved a 2 million euro Cypriot scheme to support tour operators affected by the coronavirus pandemic, as it was found to be in line with the EU’s state aid temporary framework.
The state aid will take the form of direct grants to tour operators active in the Republic of Cyprus that have concluded contracts with air carriers travelling to Cyprus via the airports of Larnaca and Paphos.
The purpose of the scheme is to incentivize incoming tourism, while indirectly benefitting many related businesses such as hotels, restaurants, the food industry, cultural and sports events.
Source: Cyprus News Agency