The net financial impact of the government support package to cost €450m, says Finance Minister
The net financial impact of the support package approved by the Council of Ministers on Sunday will cost €450m, while another € 250m will be aimed at boosting business liquidity over the next two months, Finance Minister Constantinos Petrides announced on Sunday.
Speaking after the extraordinary cabinet meeting, Petrides said the Cyprus economy, like all the eurozone economies, could not remain unaffected by the repercussions of the coronavirus. He also said that "the magnitude of the consequences of this unprecedented and unexpected crisis cannot be foreseen at this time while the situation is developing.
(CNA)
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Speaking after the extraordinary cabinet meeting, Petrides said the Cyprus economy, like all the eurozone economies, could not remain unaffected by the repercussions of the coronavirus. He also said that "the magnitude of the consequences of this unprecedented and unexpected crisis cannot be foreseen at this time while the situation is developing.
(CNA)
*The full text of the news item is available in the paid version of the CNA web service. Subscription Form
*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
from Cyprus News Agency
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