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Press release20 January 2022Representation in Cyprus

State aid: Commission approves €2 million Cypriot scheme to support tour operators affected by the coronavirus pandemic

The European Commission has approved a €2 million Cypriot scheme to support tour operators affected by the coronavirus pandemic.

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The measure was approved under the State aid Temporary Framework. Under the scheme, the public support will take the form of direct grants. The measure will be open 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. The Commission found that the Cypriot measure is in line with the conditions set out in the Temporary Framework. In particular, the aid (i) will not exceed €2.3 million per beneficiary; and (ii) will be granted no later than 30 April 2022. The Commission concluded that the measure is necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions of the Temporary Framework. On this basis, the Commission approved the measure under EU State aid rules. More information on the Temporary Framework and other actions taken by the Commission to address the economic impact of the coronavirus pandemic can be found here. The non-confidential version of the decision will be made available under the case number SA.101278 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved. 

Details

Publication date
20 January 2022
Author
Representation in Cyprus