Cyprus on Wednesday announced a raft of new measures in a €150 mln support package for the economy to deal with effects of the pandemic with total rescue funds touching €3 bln. Finance Minister Constantinos Petrides and Labour Minister Zeta Emilianidou unveiled a series of targeted plans to support workers and businesses over the next four months. The monthly cost of the five plans is between €35 mln and €40 mln, but it also depends on the turnover reduction of each company that participates. The Minister argued Cyprus responded swiftly with a comprehensive and coherent three-phase Economy Support Program, the total amount of the Program including fiscal interventions was estimated at around €1.2 bln while interventions to support business liquidity exceeded €1.7 bln. He also said government policies to support the economy of around €3 bln, consist one of the largest support programs in Europe, and the largest emergency plan Cyprus has ever witnessed.