Cyprus News Agency

Trending-news
     CNA   Cypriot Foreign Minister travels to Tokio, opening a new chapter in bilateral relations, MFA says     CNA   Upgrade by Fitch shows restoration of the economy is even more consolidated, Government says      CNA   Tsipras outlines conditions for a Cyprus settlement     CNA   The struggle to restore justice for Cyprus needs to continue, House President says     CNA   Scope rating agency assigns first-time rating for Cyprus at BBB-

Anastasaides’ re-election reduces uncertainty over economic policies, DBRS says
CNA - CYPRUS/Nicosia 07/02/2018 14:23


The re-election of President Nicos Anastasiades for a second term in office reduces uncertainty over the direction of economic policies in Cyprus, rating agency DBRS has said.
 
In a press release, DBRS said “the latest election result gives President Anastasiades a solid mandate for a second consecutive term,” adding “the recovery of the economy under his first term seemed to have driven votes in his favour.”
 
Furthermore, the agency noted that “with the presidential elections settled, the focus moves back to addressing the challenges Cyprus faces,” such as the the reduction of banks’ high non-performing loans (NPLs), the still high private sector debt, as well as maintaining healthy growth prospects and public finances.

(CNA)

*The full text of the news item is available in the paid version of the CNA web service. Subscription Form

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
   

Closing:19/10/2018
Volume:7.415.761,50
CSE:67,400  0,820%
FTSE/CySE:40,320  0,700%
Nicosia33°C
Larnaca31°C