The European Commission has concluded that “Cyprus retains the capacity to service its ESM debt, but challenges have increased as a result of Covid-19″.

Section 293 of Companies Laws, CAP. 113 (“CAP. 113”) provides for the power of Cypriot Courts to issue an order for the placement of a voluntary liquidation of a Cypriot company under Court’s Supervision, upon the application of the company’s creditors or shareholders, and subject to terms to be fixed by Court, as it deems just.

The Deputy Tourism Ministry is all set to open the Cyprus tourism market as of June 15.

One new coronavirus case was announced by the health ministry on Tuesday, bringing the total to 918.

The second phase of Gesy will be introduced as planned on June 1 even with limited choices as regards inpatient care, Health Minister Constantinos Ioannou said on Tuesday.

Phase two of the lockdown exit strategy will go ahead as planned on Thursday, with the government also bringing forward the opening of beaches to May 23.

On Monday May 18th 2020, Deputy Minister for Tourism Savvas Perdios reported to Cyprus News Agency (CNA) that he is in serious and constant talks with Cyprus Tourism offshore partners to get a clear picture of the tourism sector by the end of May 2020.

The government will be moving to enshrine distance learning education in law, Education Minister Prodromos Prodromou said Monday.

One new case of coronavirus was announced on Monday by the health ministry, bringing the total number of confirmed cases to 917.

Helllenic Bank has announced a net profit of €108.4m for 2019 and declared its readiness to withstand the current crisis created by the coronavirus pandemic.