You are here

FinMin: Emergency economic situation due to pandemic

28/09/2020 16:46

The economic situation, due to the coronavirus pandemic, is “an emergency, which we are trying to manage collectively in the best possible way,” Minister of Finance Constantinos Petrides said on Monday, noting that “this will reflect in the 2021 budgets and also in our efforts regarding the Recovery Fund.”

Petrides said there were terms and conditions for efforts to produce regarding the Recovery Fund, along with recommendations by the European Commission concerning reforms.
He pointed out that “this is where we should aim collectively as a state, government and political parties, in order to achieve the highest degree of absorption form European Commission funds.”
Petrides expressed certainty that “we will be able to manage this crisis.”