July 26, 2021
Moody’s upgrades Cyprus rating to Ba1 assigning stable outlook
Rating Agency Moody’s has upgraded Cyprus’ long term credit rating by one notch to Ba1 assigning stable outlook, citing reduced exposure to event risks because of a decrease in banking sector risks, the resilience of the economy during the Covid pandemic as well as robust medium-term GDP growth prospects being supported by sizeable European funds.Read full article
July 23, 2021
Eurogroup President praises “impressive recovery”
Ireland’s Eurogroup President Paschal Donohoe praised Cyprus’ “impressive recovery” from the coronavirus outbreak, saying it was down to good national policies coupled with EU decisions.Read full article
Improved GDP sees estimate for growth in 2021 upped
Cyprus’ real GDP declined by an annual 1.6% in the first quarter of 2021 but maintained momentum compared with the fourth quarter of 2020, CyStat ...