Cupboard approves six-month extension of an incentives scheme to airways

The Cupboard authorized a proposal by the Ministry of Transport for a six-month extension of an incentives scheme to airways to deal with the results of the COVID-19 pandemic on the connectivity of Cyprus.

Asserting a sequence of Cupboard selections, Transport, Communications and Works Minister Yiannis Kasouros mentioned the six-month extension of the present non permanent Incentives Scheme complies with the non permanent framework for leisure of state grants authorized by the European Fee, ending finish of December.

The European Fee, he mentioned, determined to increase the provisional Plan and the relaxations by six months, in addition to a rise within the ceiling and “that’s the reason we’ve got ready and submitted to the Council of Ministers a related proposal to increase the present Plan we’re implementing in order that it’s consistent with the circumstances and limits set by the European Fee”.

He mentioned the present incentives scheme has been deemed as “very efficient” and has been profitable as knowledge signifies that in 2021 there have been flights to 158 locations whereas in 2019 150.

In 2021 there have been 62 airline corporations working in Cyprus in comparison with 70 in 2019 and we’ve got flights to 40 international locations and on the similar time, one of many lowest flight reductions in Europe, mentioned Karousos.

The Cupboard additionally authorized 25-thousand-euro funding for the A’ Technical Faculty in Nicosia to plan and create an electrical car. The choice was taken throughout the authorities’s framework to assist using electrical automobiles.