Day

March 31, 2020
The  Central Bank of Cyprus has issued a circular which provides the banks with extended leeway on criteria for short-term loans and overdraft limits in an effort to assist business and household liquidity. According to the instructions of the Central Bank, the measures aim to provide easier and direct access to short-term loans to businesses...
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The Parliament has voted measures for the suspension of loan installments which are outlined as follows by the Ministry of Finance: “ The Ministry of Finance welcomes the decision of the Parliament to approve the Law on emergency measures by financial institutions and supervisory authorities. The extraordinary suspension measures aim at protecting borrowers and are...
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It has been clarified by the Minister of Health that there are exceptions to the one SMS per day rule which are defined as: Visits to and from Pharmacies Visits for blood donations Visits to the doctor Visits to persons who cannot be self-served Movements for transport of those serving in the National Guard
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A new decree under the Quarantine Law Act will be issued by Health Minister Constantinos Ioannou. In a statement to the press regarding the new measures to be issued, in order to tackle coronavirus, Mr. Ioannou noted the following: «In accordance with the powers vested in me by the Quarantine Law Act, on the basis...
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