By Andrie Kypridemo
As if the haircut on deposits required for the bail-in of banks in March 2013, and the credit constraints that brought Cyprus businesses to their knees, werent enough, just 7 years after another black March dawned further financial constraints came from Covid-19 measures.
Having reduced their operations to the very minimum or even being forced to close down for two months, these businesses are now called to continue business as usual amidst the current market instability and an imminent global financial crisis.
The vast majority of businesses in Cyprus are family-run, and the entrepreneurs that support these, in fear of the stigma of failure, tend to recapitalize the business from personal lending.
This may be the …
Read the full article at: https://www.financialmirror.com/2020/09/17/how-to-choose-business-restructuring-that-suits/