Effects of the COVID-19 pandemic on the banking sector and credit acquiring companies

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The COVID-19 outbreak has forced the government of the Republic of Cyprus to introduce aggressive and severe emergency measures and restrictions on movement for the public, through relevant Decrees issued by the Minister of Health, in an attempt to contain the spread of COVID-19, impacting all sectors of industry and the economy in Cyprus, including the banking sector, and by extension Credit Acquiring Companies (CYCACs). Click download to view the full article.