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Ecotourism investors granted further loans for Karpaz projects

22 April 2017

North Cyprus News - Karpaz Wooden Houses

Minister of Economy and Energy Sunat Atun has announced that a recovery package for ecotourism businessmen, who were provided with loans within the framework of “Ecotourism 2006-2008” and who were facing bankruptcy because of re-payment problems, is in place.

Atun explained that a fund of 3 million TL will be provided for the development of guest houses in the Karpaz and this fund will be financed according to a financial protocol signed between Turkey and the TRNC. Atun added that the proposal prepared by his ministry had already been passed by the council of ministers on Thursday.

According to the decision, Atun announced that within the framework of supporting and granting co-finance of up to 250 thousand TL, to those investing in ecotourism in the Karpaz, every investor will be granted 50%, up to 250 thousands TL, by agreeing to complete the credit project.

The money will be provided by the TRNC Development Bank as a nine-year loan.

Gunes

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