Latest news from the WorldWay Cyprus Customer Service Center:3月19日 Following the rejection of the one-time tax bill on bank deposits in Cyprus on March 19, it was learned today (the 20th) that in order to prevent a sovereign debt default and the collapse of the banking system, the President, party leaders, and the Governor of the Central Bank held an emergency meeting. A spokesperson stated after the meeting that they are drafting a new alternative plan to raise the 5.8 billion euros required by the bailout terms, though the details of the proposal have not yet been disclosed.
At the same time, the Archbishop of the Orthodox Church, who holds significant influence and financial resources in Cyprus, met with the President and expressed a willingness to use church funds to purchase government bonds to help the country emerge from the crisis.
Cyprus has also sought assistance from Russia, requesting an extension of the maturity of existing 2.5 billion euro debts by 5 years and a reduction in interest rates, as well as seeking a new loan of 5 billion euros. However, news received today indicates that Cyprus and Russia have not yet reached an agreement on the bailout.
Currently, banks in Cyprus remain closed and will continue to be so until Thursday. However, residents are working as usual, and property developers are operating and living normally without any signs of disruption.
