On Monday and Tuesday, Pablo Hernández de Cos, the Governor of the Bank of Spain, will be visiting Cyprus following an invitation from Constantinos Herodotou, the Governor of the Central Bank of Cyprus (CBC).

As announced by the CBC, Mr. Herodotou and the Spanish banker will engage in an economic discussion with representatives from the primary sectors of the Cypriot economy. After the discussion, which will take place on Tuesday, February 6th, in the morning at a hotel in Nicosia, both Governors will make brief statements on current issues and European economy matters.

Pablo Hernández de Cos's visit to Cyprus is considered particularly important. The visit will explore ways to strengthen technical cooperation between the two Central Banks.

Mr. de Cos will also meet with the Minister of Finance, Makis Keravnos.

In addition to being the Governor of the Bank of Spain, Pablo Hernández de Cos is also the Chairman of the Basel Committee on Banking Supervision. This committee sets international banking standards with the goal of smooth operation, supervision, and practices of the banking sector to ensure financial stability.