It’s all about weathering the storm

The incentive schemes offered by the authorities for businesses during the pandemic is / was very welcoming.

However the smart money is on businesses who think with their head rather than their heart.

Doing the math it becomes patently clear that many businesses have resigned themselves to the likely fact that 2020 be a “write off” year.

The shortfall in tourist numbers of both the UK and Russian markets cannot be made up in the next 4/6 months.(70% of the normal total.)

This same timeline applies to many other sectors of the economy.Hopefully companies and businesses have sufficient (cash) reserves to weather the storm.

https://cyprus-mail.com/2020/06/21/new-stimulus-package-could-fall-flat/

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.