Insider Economy Government discuss measures and incentives to reboot economy

Government discuss measures and incentives to reboot economy

 

The government discussed measures and incentives to reboot the economy with the Economy and Competitiveness Council at the Presidential Palace, as restrictive measures to eliminate COVID-19 are further relaxed.

According to a Presidency’s press release, Deputy Government Spokesman Panagiotis Sentonas said after the meeting that President Nicos Anastasiades had been briefed on the suggestions and proposals of the members of the Council, in view of the new framework of economic measures to be announced by the Government.

“Medium and long-term measures and incentives have been discussed. The Government will continue to consult with the members of the Economic Council, as the preparation and planning of the new framework of measures that will be submitted to the Cabinet for approval next week is underway,” he said.

He also noted that the Minister of Finance Constantinos Petrides, also participating in the meeting, had been in constant contact and consultation with the Economy and Competitiveness Council.

President of the Council Takis Klerides said that the meeting discussed the reboot of the economy and the measures and incentives proposed by the Economy and Competitiveness Council.

“We have explained our thoughts to the President of the Republic and the Minister of Finance, practical suggestions, which we will discuss even more in the next one or two days, until the Government completes the measures to be announced next week,” he said.

He added that the Economy and Competitiveness Council intended to help businesses and the economy in general with practical measures, aiming not only at investments by the state to help businesses, but also targeting smart ways in which the state could collect money, which is necessary in these difficult times.

(CNA)

Top Stories

127 new cases of COVID-19 on Wednesday

The Health Ministry announced 127 new COVID-19 cases on 21 October, out of 3,309 laboratory tests, taking confirmed infections to 2, 966. The break-down of...

Non-reversible damage to the sight of five patients operated for cataract

The damage to the sight of five out of the eight patients who were operated for cataract and presented serious complications due to infection...

Committee to prepare list of animals for pet shops; reactions

For the first time in Cyprus a list will be prepared with the animals that can be sold in pet shops, however, the issue...

Medical Association on Cyprus’ epidemiological situation

The Cyprus Medical Association is once again asking the public and businesses to make sure not to violate any protocols and to dutifully respect...

15-year-old missing since 20 October (PHOTO)

Police are looking for 15-year-old Antzel Ioannou, who has been reported missing from her place of residence in Nicosia since yesterday, 20 October. Ioannou is...

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...