Coronavirus impact on Cyprus shipping “unavoidable”

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Coronavirus impact on Cyprus shipping...
 © FinancialMirror 2022

The financial impact of the coronavirus pandemic on Cyprus shipping is unavoidable, Deputy Minister of Shipping Natasa Pilides said.

“I believe the impact will be unavoidable both on the Cypriot economy and on Cyprus shipping through the financial results of the shipping companies which unfortunately will be affected,” Pilides told CNA.

The shipping and ship management industry in Cyprus is estimated to generate around 7% of the island’s GDP.

Noting that shipping will continue operating, the Deputy Minister added: “we hope that we will...

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Article automatically added to our system on Thursday, March 26, 2020

Coronavirus impact on Cyprus shipping “unavoidable”

Contents of this article including associated images are © FinancialMirror 2022
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Article Tags: #coronavirus   #impact   #cyprus   #shipping   #unavoidable  

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