The government will announce measures to assist the economic system by Wednesday, authorities spokesman Kyriacos Koushos stated on Saturday.

The spokesman stated President Nicos Anastasiades didn’t announce any fiscal measures throughout his tackle on Friday night as a result of they weren’t but finalised.

The measures need to be costed and submitted to the EU for approval, he advised the Cyprus Information Company.

“The measures are virtually prepared, they’re being costed in line with sector and so they have to be despatched to the EU for approval,” he stated.

Finance Minister Constantinos Petrides stated this week that the package deal will embody a mixture of grants and tax breaks.

Some intention at defending jobs and susceptible teams of the inhabitants. The federal government can be inspecting methods to assist employees affected by the choice to shut colleges.