Daily Archives: March 17, 2020

Cyprus President chairs Ministerial Committee meeting on the coronavirus issue

Cyprus President, Nicos Anastasiades, chaired on Tuesday a meeting of the Ministerial Committee at the Presidential Palace, with a view to address all issues that come up regarding the repercussions of the coronavirus spread, in the presence of the Attorney

Hourly labour costs rose by 2.4% in the euro area and by 4.6% in Cyprus during Q4 2019

Hourly labour costs rose by 2.4% in the euro area (EA19) and by 2.7% in the EU27 in the fourth quarter of 2019, compared with the same quarter of the previous year. In the third quarter of 2019, hourly labour

Central Bank to finalise additional measures for COVID-19

Constantinos Herodotou, Governor of the Central Bank of Cyprus, pointed out the need for the banks to transmit the capital relief measures decided by the ECB to the real economy which is feeling the pressure from the coronavirus pandemic.

Herodotou …

EIB mobilises €40 billion in funding to fight crisis caused by COVID-19

The European Investment Bank (EIB) announced it will rapidly mobilise a funding facility that may reach up to 40 billion for Cypriot and European businesses under strain from the COVID-19 pandemic.

EIB called on member-states to set up a further …

Helix 2 NPE sale delayed due to COVID-19, Bank of Cyprus says

Bank of Cyprus announced that its scheduled non-performing loans sale, called Helix 2, may take longer than anticipated due to the market disruption caused by the coronavirus (COVID-19) pandemic, adding the group will recognize additional provisions of €75 million in

Cyprus President and EU leaders say they want to coordinate action against COVID-19

The President of the Republic of Cyprus, Nicos Anastasiades, attended on Tuesday evening an extraordinary European Council meeting, through teleconference, during which the leaders of the member states continued their discussion on how to address the new coronavirus (COVID-19). According