The Cabinet approved on Thursday a
According to Deputy Government Spokesman Victoras Papadopoulos, the decision is of paramount importance for the Cypriot economy.
In statements after the Cabinet meeting, Papadopoulos said that the scheme will be submitted to the
The Deputy Government Spokesman said that the EIB has already concluded consultations with the
The target is to materialize the scheme in the coming few weeks and months, Papadopoulos said.
He also referred to a loan agreement of 100 mln that was signed last December, to finance and establish the
Moreover, Papadopoulos recalled a decision last October to approve an external trade financing scheme, worth 150 mln, supporting extrovert Cypriot companies.
Moreover, he said that on
The criteria for allocating funds to Cypriot banks lie with the EIB and the banks themselves, while the money will come 100% from the EIB, the Deputy Government Spokesman concluded.
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