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.

Sacrificing Cyprus for Erdogan?

Despite the efforts of the international community to convey a message of optimism over the prospect of a Cyprus peace deal, the past few days have seen increasing concern among Greek Cypriot officials, as well as in talks on the sidelines of the United Nations General Assembly.