The Fee introduced on Thursday that it has accredited a 2 million euro Cypriot scheme to help tour operators affected by the coronavirus pandemic, because it was discovered to be consistent with the EU’s state assist momentary framework.
The state assist will take the type of direct grants to tour operators energetic within the Republic of Cyprus which have concluded contracts with air carriers travelling to Cyprus by way of the airports of Larnaca and Paphos.
The aim of the scheme is to incentivize incoming tourism, whereas not directly benefitting many associated companies resembling inns, eating places, the meals trade, cultural and sports activities occasions.
The Fee notes in its bulletins that it has discovered the Cypriot measure to be consistent with the situations set out within the Short-term Framework because the assist:
– won’t exceed 2.3 million euro per beneficiary and
– shall be granted no later than 30 April 2022.
The measure was assessed as mandatory acceptable and proportionate to treatment a critical disturbance within the financial system of a Member State, consistent with Article 107(3)(b) TFEU and the situations of the Short-term Framework.
The non-confidential model of the choice shall be made accessible beneath the case quantity SA.101278 within the State assist register on the Fee`s competitors web site as soon as any confidentiality points have been resolved.