Cyprus raised €1.75 billion through a seven-year and 30-year bond issuance on Tuesday, boosting liquidity as it seeks to buffer the fallout out of the coronavirus crisis.

Cyprus and Israel secured another five tons of chloroquine as part of efforts to meet the needs of patients in both countries during the coronavirus crisis, it was announced on Tuesday.

Twenty-nine more people tested positive for coronavirus on Tuesday, the health ministry said, bringing the total number of cases to 494, as strict measures on movement continued to be in place.

Twenty Cypriot Covid-19 patients have been included in a global clinical trial of Japanese antiviral influenza drug Avigan (favipiravir), the health ministry said on Tuesday.

Fitch rating agency maintains Cyprus’s long-term credit rating to BBB- changing the outlook from positive to stable. According to the Ministry of Finance, the agency highlighted the government’s responsible management both of the economy and the public finances under the present conditions due to the coronavirus pandemic.

Profile Software, a leading financial solutions provider, announced today that 7Q Financial Services, a Nicosia-based Investment Firm, specialising in asset management, went live with Axia Wealth & Fund Management solution, to comprehensively address its fund management requirements and support its investment activities in the most automated manner.

Cyprus announced its intention to proceed with the issuance of 7-year and a 30-year euro-denominated bonds in a bid to strengthen its cash reserves amid the crisis caused by the coronavirus pandemic.

Nineteen more people have tested positive for coronavirus the health ministry said on Monday, bringing the total number of cases to 465.

The number of loan applications for suspension of payments for the next nine months at the island’s two largest banks has risen to 23,000, CNA reported on Tuesday.

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