Cyprus business week: ECB urges investment, Keve plans care talks, shipping focuses on seafarers - Cyprus Inform

The week’s business stories include an ECB warning on household savings, a Nicosia discussion on support for carers and Cyprus’s contribution to a maritime programme in Athens. Nicosia, Cyprus. Business stories from the week starting September 21 included an ECB warning about household savings, a planned discussion on support for working carers and Cyprus’s participation in a maritime programme in Athens. The European Central Bank (ECB) warned that euro area households hold too much of their wealth in cash and low-yield deposits. It said Cyprus faces a particular challenge in encouraging households to move towards longer-term investment.