Cyprus-U.S. Chamber of Commerce, Inc.

Media Room - 2020 Archive

Interview by Aktina FM with our own Demetrios Comodromos

Aktina FM interviewed Demetrios Comodromos, the Vice President of the Cyprus-U.S. Chamber of Commerce, who provided information regarding the role of the Cyprus-U.S. Chamber of Commerce and the actions it has taken to fulfill its mission during the COVID-19 pandemic.  

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US Department of the Treasury - Assistance for Small Business

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. 

For up to date information, please visit the website of the U.S. DEPARTMENT OF THE TREASURY.

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Minimum Distributions (RMDs) for 2020

The Federal Government has waived the requirement for Minimum Distributions (RMDs) for 2020.  Accordingly, IRA Account owners (original depositors and beneficiaries) can cancel (skip) or change RMD amounts for 2020. 

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The Families First Coronavirus Response Act – A Summary

On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (the “Act”). The Act, one of many pieces of legislation that will address the various impacts of the COVID-19 pandemic, includes provisions for a number of different areas.

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