News & Views

FISCAL SUPPORT PROGRAM COMBATING THE EFFECTS OF COVID-19 By Ministry of Finance

THIS IS AN UNOFFICIAL TRANSLATION produced internally by the Association, from the formal communique in Greek. On Sunday March 15th, the Ministry of Finance announced measures to protect businesses, employees and risk groups. A summary of the plan is detailed below: A- SUPPORT OF THE PROTECTION NETWORK OF EMPLOYEES AND VULNERABLE GROUPS 1) “Special Leave” […]

Latest Announcement by the The Cyprus Post Authorities

The Cyprus Post informs the public that due to the coronavirus outbreak many airlines have suspended their flights to and from Cyprus. Therefore, and until further notice the acceptance and dispatch of postal items to the following countries is suspended, as well ː 1. ALBANIA 2. AUSTRALIA 3. AUSTRIA 4. BOSNIA 5. CHINA 6. CROATIA […]

Latest Announcement from the State Health Services Organization (SHSO)

In brief, the following measures are undertaken with regards to the operations of Public Health Services as communicated on March 16th . The formal communique in Greek has been unofficially translated, as follows:- 1. General Rules • No visits allowed • Continuance of Disinfection measures • For non-urgent already-programmed appointments patients will only visit after […]

Central Bank of Cyprus Announcement on Effect of ECB Decisions on Cyprus Banking System

Central Bank Announcement in Greek read the full article here Key measures in Brief: 1.Provision of additional liquidity to banks aimed at providing improved banking facilities with a view to supporting in particular small and medium-sized enterprises. 2. Extension of the Quantitative Easing Program which should affect positively the cost of loans 3. Temporary release […]

Council of Ministers Decision to provide funds of 750 Euro to Students

Council of Ministers Decision to provide funds of 750Euro to Students studying in Educational Institutes abroad and who will not be returning to Cyprus during Easter Vacations https://www.pio.gov.cy/coronavirus/press/16032020_13.pdf The Ministry of Education, Culture, Sports and Youth is proceeding with the implementation of the above measure through an electronic portal for submission of applications. In a […]

Tax and VAT measures announced by the Cyprus Government re COVID-19 – Courtesy of Deloitte

The recent outbreak of COVID-19, is proving to be an unprecedented challenge for humanity. Having been declared a global pandemic by the World Health Organization, the virus is already impacting our day to day lives as well as our businesses. In light of the business disruption caused by the Coronavirus, the Cyprus Government announced a […]

Vulnerable Population Groups who should be restricted from their workplaces

Vulnerable Population Groups who should be restricted from their workplaces https://www.pio.gov.cy/coronavirus/press/16032020_7.pdf In relation to the measures announced yesterday by the President of the Republic and the Ministers of Health, Labor and Finance and aimed at limiting the spread of coronavirus, the following High Risk groups must be restricted from the workplace: 1. Everyone aged over […]

Travel advice issued by the Ministry of Foreign Affairs in light of the COVID-19 pandemic

Travel advice issued by the Ministry of Foreign Affairs in light of the COVID-19 pandemic (valid from 18:00, on 16/3/2020) Travel advice: Avoid all travel abroad unless absolutely necessary. Travel advice validity period: From 16/3/2020, 18:00 Cyprus time (GMT+2), up to and including 30/4/2020. In light of the continuing spread globally of coronavirus COVID-19 and […]