May 12,Egypt "Daily News"Message，Egyptian Finance Minister Mohamed Maait announced the launch of a new plan，To support Egypt’s tourism and hospitality industry，Because they are facing the negative impact of the new coronavirus epidemic。This initiative will enable the tourism and hospitality industry, including SMEs, to meet their payroll obligations，And meet basic employment requirements。

The initiative includes a guarantee from 188bet app the Ministry of Finance to the Central Bank of Egypt (CBE) worth EGP 3 billion。It will allow the tourism industry and hotels to borrow from the National Bank at an interest rate of 5% per annum for three years。The general grace period for these loans begins May 1，No guarantee，Can be repaid in monthly installments，To share the burden for two years。Mait added，This is intended to cover tourist and hotel venue staff salaries，To ensure that expenditures on basic needs for operations do not exceed 15% of the value of the loan granted to the facility。He explained，Visitors and hotel establishments will provide the lending bank with a statement of their employee names and bank account numbers。 This will ensure that wages are transferred directly from the bank to the employee。

Mait also decided to cancel the real estate tax on hotels and tourist venues，For six months。Payment of 188bet app all dues for tourists and hotel establishments has also been postponed for three months，These venues will not be subject to fines or late payments。

188bet sports betting app download , original title:《Egyptian Ministry of Finance provides financial support to tourism industry》.