News Local President Anastasiades lauds Cyprus' economy upgrading

President Anastasiades lauds Cyprus’ economy upgrading

The return of the Cypriot economy to a credit rate after 6,5 years constitutes the most powerful confirmation of the sound economic management we have adopted, Cyprus President Nicos Anastasiades said on Saturday in a post on Twitter.
Cyprus economy is recovering in a promising way and this is being acknowledged, Anastasiades noted, as Standard & Poor’s upgraded Cyprus’ credit ratings to investment grade, after calling them “junk” for almost seven years. Late on Friday, they raised Cyprus’ sovereign credit ratings to `BBB-/A-3` from `BB+/B` with stable outlook.
In a written statement, Government Spokesman, Prodromos Prodromou, said that the return of the economy to a credit rate is the result of the proper financial management and the necessary changes to the system, adding that “we must continue on this track, with the belief that Cyprus can do much more, through a development strategy which is successfully implemented.”
Prodromou said that Standard and Poor`s positive credit rating on Cyprus means that  the Cypriot economy will again a  credible economy which is worldwide trusted and can have access to financing without any problems.
He also noted that this development will have very positive results both as regards the state`s financing potentials and the investors` trust in Cyprus.
Source: CNA

 

Top Stories

Everything ready for inoculations among enclaved Greek Cypriots and Maronites

All necessary arrangements have been made to start inoculating against COVID-19 the enclaved population and those who repatriated in the Karpas peninsula and the...

Expert says any relaxations of COVID measures to be made gradually and aimfully

Any relaxations of COVID measures in place until the end of January should be made gradually and aimfully and with a specific procedure, member...

Roads toward Troodos open only to 4WD and vehicles with snow chains

Police are warning drivers heading to Troodos to be careful because of snow and fog and ice. The Karvounas-Troodos, Platres-Troodos and Prodromos Troodos roads are...

Health Ministry introduces new procedure for COVID inoculation appointments

Ηealth Ministry on Tuesday announced a new procedure for COVID inoculation appointments. Cyprus began the vaccination program of its population on December 27th with citizens...

Registration of motor vehicles from the UK

Following Brexit, the Road Transport Department, of the Ministry of Transport Communication and Works, announced the Regulations which now apply for the registration of...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...