Insider Economy Government remains focused on preserving macroeconomic stability, President says

Government remains focused on preserving macroeconomic stability, President says

The government will remain focused on maintaining macroeconomic stability, strengthening the sector of financial services and the already competitive ecosystem for business and investment, Nicos Anastasiades, President of the Republic, has said addressing a dinner organised by the Cyprus Securities and Exchange Commission.

In his address, President Anastasiades referred to Cyprus’ comparative advantages as an investment destination, noting that the Cypriot economy expanded with 4% last year, one of Europe’s highest growth rate.

Noting that 2019 will mark the fifth consecutive year of growth, Anastasiades added that Cyprus maintains a balanced budget while unemployed declined to 7.5% after culminating at 16% in the years following the financial crisis.

The President referred to the reforms implemented and promoted by the government, giving special emphasis in the fields of the public service, health, e-government and justice.

Anastasiades also underlined that the Cypriot economy enjoys consecutive upgrades by rating agencies with its long-term rating returning at investment-grade status.

Assuring that the government will provide every assistance deemed necessary to new businesses and business initiatives, Anastasiades praised the work made by Cysec and its President Demetra Kalogerou in securing high level of investor protection and achieving a steady growth.

(Cyprus News Agency)

Top Stories

Cyprus to carry out wider Covid-19 testing in all districts

Cyprus is stepping up tests for coronavirus as part of efforts to gain a better picture of contagion in the community. This was announced by...

Cyprus eases repatriation criteria

President Nicos Anastasiades announced a gradual relaxation in repatriation restrictions to allow more categories of Cypriots and permanent residents abroad to gradually return home...

Anastasiades extends Cyprus lockdown to end April

Cyprus will remain in lockdown until the end of April as efforts continue to contain the coronavirus pandemic, President Nicos Anastasiades said on Wednesday. In...

Man dies in Paphos car accident

A 78 year old man named as Iezekiel Papaioannou from Panayia died in a car accident on Wednesday around 1 pm on a Paphos...

Bernie Sanders suspends 2020 Democratic campaign

Democratic presidential candidate Bernie Sanders suspended his campaign on Wednesday, making former Vice President Joe Biden the presumptive nominee to face Republican President Donald...

Taste

Stuffed vine leaves without meat

(Dolmadakia gialantzi) Rinse the leaves and boil in salted water for approximately 10 minutes until soft. Drain and place in some cold water with ice...

Snails with tomato sauce

When the snails are ready, drain them. Fry the onions in the oil and once slightly brown, add the tomatoes. Stir until cooked well...

Sea bream with capers

Clean the sea bream well, add salt and pepper to them and brush them with olive oil. Mix the capers and parsley together as...

Halloumi bread

Sift the flour with the salt into a bowl and mix in the yeast and lemon rind. Make a well in the centre of...