The novel coronavirus disease 2019 (COVID-19) outbreak was a major shock for the global economy, with severe uncertainty about the duration and intensity, disrupting production, trade and business. The actions being taken to prevent the collapse of healthcare systems around the world, threaten to create a deep economic crisis like no other, caused by the widespread failure of businesses.
INFOCREDIT GROUP IS OPTIMISTIC ABOUT THE NEXT TEN YEARS AND IS FOCUSING ON SUSTAINABLE DEVELOPMENT
The Cypriot economy is expected to find itself on a safer path than it did during the previous decade. “This is why we anticipate a healthier economy with good growth prospects,” says Theodoros Kringou, Managing Director of Infocredit Group, which has shifted its focus more towards sustainable development while maintaining a positive outlook for 2030.
The novel coronavirus disease 2019 (COVID-19) outbreak is a major shock for the global economy, disrupting production, trade and business worldwide. Many countries have already adopted or are adopting measures aimed at preventing the further spread of the virus, increasing the capacity of their health systems and providing relief to those citizens and sectors of the economy that are particularly impacted.
More than 70% of the companies are estimated to have losses.
The coronavirus outbreak is affecting hundreds of thousands of people. It is not only a life-threatening disease but it is also having a growing impact on the global economy. It is an evolving unpredictable situation having a major impact on companies.
Given the recent developments relating to Covid-19, it is everyone’s duty to stay safe and keep safe our community. Taking this into account, we have updated our business continuity practices with the following, effective as of today, Monday 16th March 2020:
1. A high percentage of our employees are working from home till further notice.
2. A very limited number of support employees will be working from the office.