Insider Business C. Zorbas: A lot of businesses will collapse

C. Zorbas: A lot of businesses will collapse

Many businesses in Cyprus will collapse now that everything has been shut down in order to slow the spread of the coronavirus, Zorbas Bakeries CEO Costas Zorbas told Phileleftheros.

And after the coronavirus nightmare is over all businesses, except supermarkets, will face problems so better coordination between the government and the financial world is a must, he added.

“The government should not shut down supermarkets and bakeries on Sunday. Because overcrowding in bakeries and supermarkets will be observed on Saturday. Is this not a matter of public safety and health? If the consumer is not allowed to go anywhere on Sunday, then he/she will go shopping on Saturday,” Zorbas said.

“A household’s first need is bread and milk. Since the government is so concerned with health safety then it should close the supermarket and whoever needs and bread should be able to go to the bakery. This is how you mitigate the risk and achieve dispersion,” he also said.

Zorbas believes the country’s lockdown will continue up until mid-May and expressed concern that many businesses will collapse.

Rents, electricity and water bills are running and so is the payroll, he said, wondering whether employees can live with 60% of their salaries.

As for exports, he said those are ongoing but the problem is nonetheless not solved.

Industrialists are in turmoil and plan to sit around the same table and draw up a list of proposals to be sent to government officials.

“We are confronted with common problems and we will discuss them with each other so as to propose measures to stimulate the industry,” he said.

By Demetra Landou

Read more:

Zorbas bakeries won’t expand into coffee shop market

Top Stories

130 cases today, most from private initiative-28 patients in hospital

  One hundred and thirty new Covid-19 cases were announced today, out of 4 thousand 285 tests, taking the total number of confirmed patients to...

Greece approaches four-digit covid cases, 935 today

  The second coronavirus wave is climaxing in Greece as it recorded 935 cases today, the highest number since the second wave begun gathering pace...

Erdogan says Macron needs ‘mental treatment’ over attitude to Muslims

  Turkish President Tayyip Erdogan launched yet another scathing tirade of insults on his French counterpart Emmanuel Macron, saying he needed mental treatment over his...

We are independent, Michaelides tells AG over golden passports

  We are not under anyone's custodianship, the Auditor General Odysseas Michaelides told Attorney General Yiorgos Savvides, who earlier called on his office to stay...

Lifeguards save three people in Limassol

  Lifeguards saved three people in two separate incidents today, off the coast of Limassol. In the first incident, a Russian woman called for help around...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...