pio.gov.cy (15.03.2020)
To all businesses that have decided to suspend their operations and to all businesses that will continue their operations and will suffer losses beyond 25% of their turnover, a Suspended Operations Plan of the businesses is applied. The affected workers will receive unemployment allowance for as long as the business will be under suspended operations. A Support Plan for Small Businesses, amounting to €10mn, for businesses employing up to 5 people, under the condition that they keep employing their employees and have suffered a loss bigger than 25% of their turnover is implemented. The Plan foresees a subsidy of 70% of the workers’ salary.
To all businesses that have decided to suspend their operations and to all businesses that will continue their operations and will suffer losses beyond 25% of their turnover, a Suspended Operations Plan of the businesses is applied. The affected workers will receive unemployment allowance for as long as the business will be under suspended operations. A Support Plan for Small Businesses, amounting to €10mn, for businesses employing up to 5 people, under the condition that they keep employing their employees and have suffered a loss bigger than 25% of their turnover is implemented. The Plan foresees a subsidy of 70% of the workers’ salary.