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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)

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