Cyprus’ Finance Ministry is finalising a revised economic support package which will amount to at least €1.5 bln, approximately 7% of GDP, to buffer businesses against Covid-19, reliable sources told CNA. Last
Aviation giant Airbus SE announced measures to bolster its liquidity and balance sheet in response to the COVID-19 pandemic as it continues to assess the ongoing situation and the impact on its
Cyprus’ digital divide is more apparent than ever as society and business are caught unprepared to work in the new environment of social distancing enforced by the COVID-19 pandemic. In a time
After shoppers dashed to Cyprus supermarkets to stockpile on personal hygiene products and non-perishable food items, traffic has returned to normal, but shopkeepers are on their toes to face further challenges. The
Moody’s expects government financial support for affected businesses and households, in addition to ECB measures and Central Bank of Cyprus moves, to help limit the coronavirus-related impact on banks’ asset quality and
The Central Bank of Cyprus has freed an additional €100 mln bringing total capital buffers to €1.4 bln in a bid to encourage banks to continue lending and be more flexible to
A COVID-19 outbreak in Cyprus has triggered profiteering as essential items are being sold on the black market while a government price ceiling on these products has not solved the issue, said
RCB Bank said it has taken all the necessary measures to ensure the well-being and protection of its human capital while securing the uninterrupted provision of its products and services to its
Guests are being slowly cleared from hotels following a Cyprus government coronavirus decree ordering that all hotels suspend their services from 21 March for six weeks. Hotel associations PASYXE and STEK told
The Central Bank of Cyprus (CBC) said it expects banks to show flexibility to support businesses and households adversely affected by the spread of COVID- 19. The European Central Bank Governing Council
