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Cyprus Cyprus

EUR8 Million Cypriot Scheme for Tour Operators Approved by EC

The European Commission (EC) recently approved a EUR8 million Cypriot scheme to support tour operators affected by the coronavirus outbreak.

The direct grants support will be open to tour operators that carry out activities in Cyprus and have concluded contracts with air carriers travelling to Cyprus via islands two airports, in Larnaca and Paphos.

According to the EC, the measure was approved under the state aid Temporary Framework.  

The scheme aims at stimulating incoming tourism, benefitting indirectly many related businesses such as hotels, restaurants, the food industry, cultural and sports events. The EC found that the Cypriot measure is in line with the conditions set out in the Temporary Framework.

The scheme stipulates that the support will not exceed EUR1,8 million per beneficiary, and the aid will be granted no later than December 31 of this year.