Nicosia, Cyprus. Eurobank said it is closely monitoring developments in Cyprus’ livestock sector following a foot-and-mouth disease outbreak and the mass culling of animals across several farming units. The bank said it is ready to support customers and the sector as the situation evolves.
Outbreak raises economic concerns
The outbreak was described as a serious issue that could significantly affect the income of many families, particularly those who own farms or depend on livestock for their livelihood. The potential impact is also expected to extend to other sectors, including the product supply chain, raising concerns about wider economic repercussions.
Eurobank outlines role of primary sector
“The primary sector remains vital for the Cypriot economy, as it supplies raw materials and products used by the food and manufacturing industries, while also contributing key export goods,” the bank said.
Contact with affected clients and businesses
Eurobank said it has activated targeted communication actions with affected clients to accurately record the difficulties they are facing. It added that bank officials are in continuous contact with businesses in the sector, assessing both their immediate and future needs.
Support options under review
The bank said its objective is to identify the most appropriate forms of support, tailored to evolving challenges faced by livestock producers and related workers. Eurobank said it is working toward practical, flexible and sustainable solutions designed to strengthen both farmers and employees within the sector.
How could disruptions in the livestock supply chain affect you as a consumer?
