The Deputy Ministry of Tourism is making systematic efforts to further develop the Conference Tourism in Cyprus, one of the special forms of tourism that have been included in the priorities of the Tourism Strategy 2020-2030.

 

In this context, the Deputy Ministry of Tourism operates the "subsidy scheme for organising conferences/meetings and incentive trips in Cyprus under the de minimisaid regulations"

 

This project is being prepared by the Deputy Ministry of Tourism in accordance with the Provisions of Regulation (EU) No 575/2013. 1407/2013, Commission Decision of 18 December 2013 on the application of articles 107 and 108 of the Treaty on the Functioning of the European Union for de minimis aid.

 

"De minimis aid" means a low-level state aid, which is exempt from the notification requirement to the European Commission because it is considered not to affect trade between Member States and/or does not distort or threaten to distort competition within the European Union. The maximum total amount of de minimis aid that a single undertaking may obtain from all the competent authorities of the Republic of Cyprus in any period of three fiscal years is that it may not exceed the amount of €200,000.