The Governor of the Bank of Spain, Pablo Hernández de Cos, will be in Cyprus on Monday and Tuesday at the invitation of the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou.

According to a CBC statement, Herodotou and the Spanish Central Banker will hold an economic discussion with representatives from the main sectors of the Cypriot economy. After the discussion, which will take place in the morning of Tuesday, 6 February, at a Nicosia hotel, the two Governors will make brief statements on current affairs and the European economy.

It is added that the visit to Cyprus by Pablo Hernández de Cos is considered to be of particular importance. As CNA was informed, during the visit, ways of strengthening technical cooperation between the two Central Banks will be examined, while de Cos will also meet with the Minister of Finance, Makis Keravnos.

In addition to to his role as Governor of the Central Bank of Spain, Pablo Hernández de Cos is also the Chairman of the Basel Committee on Banking Supervision, a committee that sets international banking standards to ensure the proper functioning, supervision and practices of the banking sector in order to safeguard financial stability.