Harris Georgiades

Cyprus forecasts growth of 2.5-3 pct in 2017

Cyprus expects its economy to grow between 2.5 and 3 percent this year as it recovers from its recent financial crisis and bailout.

Finance Minister Harris Georgiades said on Tuesday the economy has rebounded strongly and is making up lost ground after the country sought out a multibillion-euro rescue deal from its eurozone partners to save it from bankruptcy in 2013.

Nicosia raises 1 bln euros in second post-bailout issue

Cyprus?s finance minister said on Tuesday the country has raised 1 billion euros from international markets with its second public bond issue since its painful bailout two years ago.

Harris Georgiades stated the seven-year bonds were nearly twice oversubscribed and carried a 4 percent interest rate.