THURSDAY, 21 SEP 2017

 

CONNECT

Facebook Linked In Twitter
MTN_07/07-10/04_728x90px
GloriaJeans_266x90px
IMH LTD

Fokaides: Relations Between Cyprus and Austria are Improving

Kotzias Shares Common Position On Cyprus Issue

IMH LTD
MTN_07/07-10/04_468x60px

ECONOMY

Georgiades: Cyprus' Growth Real, Strong, Sustainable

Georgiades: Cyprus' Growth Real, Strong, Sustainable

Cyprus Finance Minister Harris Georgiades discusses the reunification of the country, the country's economy, labour market reforms and the upcoming election. He spoke on Bloomberg Markets: European Open.

Georgiades commented on the recent reunification talks saying that it failed to bring results but he stated that there need to be some tangible steps towards reaching an agreement, however he said that “the recovery of Cyprus economy which has been strong enough happened under the current circumstances, the significant influx in foreign investment which we are witnessing, and did not happen because an imminent reunification but because of strong fundaments and of the excellent prospects of the Cyprus economy and that is where we continue to focus our attention.”

On the Cyprus economic sustainability, Georgiades stated that Cyprus has had high growth rates in the past but they were fuelled by an excessive public deficit and to an equally unsustainable credit expansion”, however he pointed that “non of the two factors exist today. Since 2014 we are operating with a balanced budget with no deficit spending at all which offer a temporary boost to the economic activity and the banking sector is still able to offer financing to the economy is not exhibiting anything near an unsustainable credit expansion”. Georgiades added that the Cypriot economic growth is real, strong and sustainable, which is a result of the excellent performance of key productive sectors of the economy, such as tourism, shipping, business and financial services, and energy.    

To view the full interview see the below video:

 

MORE ON ECONOMY

S&P Affirms RCB’s “BB-” Rating With Stable Outlook

On Monday 18 September 2017, S&P Global Ratings affirmed its “BB-/B” ...

Hellenic Bank: Real Economy is Strengthening

Hellenic Bank assesses that Cyprus' macroeconomic outlook is positive and is ...

Foreign Property Buyers Increase by 34% in August

The number of foreign property buyers rose 34% in August to 75 compared with the ...

FROM AROUND GOLDNEWS

   

Looking for new talent? Meet your future employee at the ‘Get a Job’ Fair

The Representation of the European Commission in Cyprus and the EURES network are organizing the ‘Get a Job’ Fair on Monday, 6 November at the Bank ...
   

Meet Experts from the International Scene of Regulatory Compliance

Bank of Cyprus is presenting the 3rd International Compliance Forum on Friday, 6th October 2017 at the Hilton Park Hotel in Nicosia. IMH and GOLD magazine are ...
   

Virardi in New York

Cypriot speaker, trainer and author Michael Virardi is expanding his horizons once more, having been engaged to lead a one-day seminar to The American Club in ...
   

Cdbbank Supports CIPA’s Efforts to Attract Foreign Investments

Demonstrating its support for initiatives that encourage entrepreneurship and promote Cyprus as a destination for international investors, cdbbank (Cyprus ...
   

EY Cyprus and the CCCI Launch the 1st Family Business Study Report

In response to the growing demand from family businesses for expertise and thought leadership focused on strategic growth, succession planning and agile ...
   

Anastasiades Discusses UNFICYP with Russian and Chinese FMs

Cyprus President Nicos Anastasiades has discussed the need for the presence of UNFICYP, the UN peacekeeping mission in Cyprus, to continue while there are no ...
   

Kasoulides Holds Contacts in NYC, on the Sidelines of UNGA

Foreign Minister Ioannis Kasoulides held a series of meetings on Tuesday 19 September, on the sidelines of the 72nd General Assembly of the United Nations ...
   

Kotzias Shares Common Position On Cyprus Issue

Cyprus President Nicos Anastasiades and Greek Foreign Minister Nikos Kotzias have reiterated that they have a common position on the Cyprus problem, which is ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Fameline_19/09-01/10_300x250px
RTBS_01/09-30/09_300x250px

IMH LTD