An imminent two-day visit of Governor of the Bank of Spain Pablo Hernández de Cos, to Cyprus on February 5-6, holds considerable significance regarding key economic discussions.

As CNA has learnt, Spain's Central Bank Governor will visit Cyprus following an invitation from the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou. The two Governors will discuss recent developments in the eurozone and beyond, exploring ways to strengthen technical cooperation between the two Central Banks.

Additionally, Pablo Hernández de Cos will meet with the Minister of Finance, Makis Keravnos, and representatives from key sectors of the Cypriot economy, providing an opportunity for exchanging views.

Apart from serving as the Governor of the Bank of Spain, Pablo Hernández de Cos also presides over the Basel Committee on Banking Supervision. This committee sets international banking standards to ensure the smooth functioning, supervision, and practices of the banking sector, aiming to safeguard financial stability.