Cabinet meeting underway to announce economic measures amid coronavirus crisis

An extraordinary cabinet meeting is underway on Sunday chaired by President of the Republic Nicos Anastasiades to decide economic measures to support the economy amid the coronavirus crisis.

The measures have been prepared by the Ministries of Finance and Labour.

Small-to-Medium sized businesses and businesses dealing with tourism will be helped by strengthening liquidity. The measures will also benefit vulnerable groups of society, parents who are home to stay with children due to school closures and those who remain home due to the crisis.

Finance Minister Constantinos Petrides has said that the measures will include a mix of grants, assistance and tax relief.

Labour Minister Zeta Emilianidou said the measures will protect jobs and the vulnerable groups of society as well as those workers who have been affected by the schools’ closure.

In statements on Saturday, Government Spokesman Kyriakos Koushios said that the aim is to protect the people and for this reason the President of the Republic announced a series of measures on Friday. The situation, he added, is being reviewed on a daily basis and did not rule out more measures to be taken. He warned that the virus will spread but what is important, he added, is that it remains under control.

The spokesman advised all to follow the instructions of the Ministry of Health and to protect one another, “our family, mother and father, grandparents, sisters and brothers and neighbours. Responsibility is what will prevent the uncontrolled spread of the virus”, Koushios remarked.

He also urged students returning from overseas studies to remain in self-isolation and implement the Ministry of Health’s recommendations.

Regarding the illegal regime’s decision to close the crossing points, the Spokesman said that he did not want to comment, adding however that he did not see any response from those who reacted to the President’s decision to close four crossing points. On the contrary, he added, there has been complete silence over the issue.

He also said that the Cyprus government was not informed about the measures that were to be taken by the regime in the Turkish occupied north. President Anastasiades had one telephone conversation with Turkish Cypriot leader Mustafa Akinci. But when the measures were announced by the north, there was no communication on the part of the Turkish Cypriot side.

Source: Cyprus News Agency