Suspension of rents under review

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Suspension of rents under review
 © In-Cyprus 2020
Ministry of Finance technocrats but also parliamentary parties in Cyprus are considering proposals to suspend the payment of rents, primarily of commercial properties forced to close due to the coronavirus crisis.

Thousands of businesses forced to shut down after the first state decree in mid-March and which are set to be inactive till the end of April have no liquidity and cannot cover their rent obligations.

Even when the restrictive measures are lifted, no-one knows what situation thousands of small businesses with rental obligations will face.

However, the...


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This article was automatically added to our system 9-4-2020

Suspension of rents under review


The contents of this article including any associated images are © In-Cyprus 2020
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