Daily Archives: March 19, 2020

COVID-19: Commission creates first ever rescEU stockpile of medical equipment

Today, the European Commission has decided to create a strategic rescEU stockpile of medical equipment such as ventilators and protective masks to help EU countries in the context of the COVID-19 pandemic.President Ursula von der Leyen said: “With the ...

COVID-19: Commission provides guidance on EU passenger rights

In our efforts to mitigate the economic impacts of the COVID-19 pandemic, the Commission has today published guidelines to ensure EU passenger rights are applied in a coherent manner across the EU.National governments have introduced different measures...

COVID19: Coronavirus will hit economies across all EBRD regions; recovery could be robust

The coronavirus pandemic will have a negative impact on economies across the EBRD regions but recovery could be robust once the outbreak is contained, according to the bank’s economists.The European Bank for Reconstruction and Development, which invest...

MOODY’s: Cyprus measures will blunt coronavirus impact on banks

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 profitability.The financial supp...

MOODY’s: Cyprus measures will blunt coronavirus impact on banks

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 profitability.The financial supp...

COVID19: Central Bank frees €1.4 bln for banks to help clients

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 business and households affected by coronavirus.It urged commercial