
Based on the decree issued on Monday ordering all licensed banks in Cyprus to suspend the collection of loan installments, including interest, until the end of the year, the Bank of Cyprus announced the procedures for their customers to follow in order to submit their applications.
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The government has decided to expedite the processing of pending passport applications filed via the controversial citizenship-by-investment programme, apparently keen to bring some much-needed foreign cash into the economy as it grapples with the slump related to the coronavirus situation.
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