FINMIN: Cyprus is edging out of recession

FINMIN: Cyprus is edging out of recession

Cyprus is edging out of recession, Minister of Finance Harris Georgiades stressed on Friday in a message on twitter after Eurogroup`s meeting in Riga, Latvia.

“My message at Eurogroup: Cyprus edging out of recession, with pro-reform, pro-market agenda & growth-friendly fiscal consolidation”, he wrote.

In addition, in a written statement to the press, the Minister notes that “we lead the Cypriot economy out of recession by promoting reforms and consolidating public finances”.

Georgiades further noted that “we make any new tax measures unnecessary and we regain market confidence, thus creating prospects for investment and conclusion of the Cypriot program”.

“This is the message that I conveyed today to Eurogroup. We remain committed to this policy”, he concluded.