Georgiades: Cyprus economy returns back to growth

26 January 2016
757 Views

Cyprus entered its financial adjustment programme while in recession and is about to exit, with its economy back to growth, Finance Minister Harris Georgiades told the CAN on Tuesday.

Georgiades was speaking after a meeting in Brussels with the European Parliament’s Committee on Economic and Monetary Affairs.

The Finance Minister briefed members on the economic and financial situation in Cyprus, as the country is about to exit from the programme it has been implementing since 2013.

Georgiades told the CNA that he had the chance to brief members, “on the enormous effort for the adjustment, stabilisation and recovery of the Cypriot economy,” and, “explain that this difficult effort has brought about tangible results.

“With Cyprus having completed the programme, the country will no longer be included in the list of EU problems but will be in a position to contribute to joint Union goals,” concluded Georgiades.

You may be interested

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks
WORLD
shares21 views
WORLD
shares21 views

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks

Panos - Nov 23, 2020

Jennifer O’Malley Dillon, would-be White House Deputy Chief of Staff for a Biden administration, managed Robert ‘Beto’ O’Rourke’s 2020 campaign and pushed…

The Greek island with the 235 Churches you must visit (drone video)
GREECE
shares30 views
GREECE
shares30 views

The Greek island with the 235 Churches you must visit (drone video)

Panos - Nov 23, 2020

Greece has been blessed to be sprinkled with hundreds of islands around its shores, with each offering visitors something unique.…

“Onisilos-Gedeon” Joint Exercise in Cyprus ends with great success (photos)
DEFENCE
shares23 views
DEFENCE
shares23 views

“Onisilos-Gedeon” Joint Exercise in Cyprus ends with great success (photos)

Panos - Nov 23, 2020

This week, after being put on hold for a year due to the COVID-19 pandemic, the “Onisilos Gedeon” exercise was held with…

Leave a Comment

Your email address will not be published.