Fitch: Strong growth, election result should ‘underpin’ improving finances

Strong economic growth in Cyprus and the expectation of policy continuity after the outcome of the recent presidential elections “should underpin” improving public finances, Fitch Ratings believes, adding however that very weak asset quality in the banking sector remains a risk to recovery.

In a commentary on Cyprus, the international rating agency also notes that President Nicos Anastasiades “has pledged to re-start reunification talks, although it is unclear how much substantial progress is possible in the near-term.”

“Reunification would create long-term economic benefits but...


Fitch: Strong growth, election result should ‘underpin’ improving finances


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