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Cyprus Supports European Deposit Insurance Scheme Creation, FinMin Told ECOFIN Meeting

President Anastasiades Calls For Unity To Address National Challenges

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ECONOMY

Georgiades: Cyprus Economy is on the Right Track

Georgiades: Cyprus Economy is on the Right Track

Finance Minister Harris Georgiades commented on February 14 on positive official data released on Cyprus’ growth for 2017 noting that they show that “we are on the right track.”

“The confirmation for a growth rate of 4% for 2017 shows we are on the right track,” Georgiades said on his Twitter account.

It is a result, he adds, “of efforts made by the productive forces of this country but also of the responsible decisions taken.”

“We are continuing the effort” he concludes.

Cyprus growth rate in the fourth quarter of 2017 accelerated to 4.0% marking the highest growth since the second quarter of 2008, according to data released by the Cyprus Statistical Service.

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