Fiscal Council warns of internal and external risks to the economy

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Fiscal Council warns of internal and external...
 © CyprusMail 2019
The Fiscal Council on Wednesday said Cyprus’ economy is still facing internal and external dangers including too much bureaucracy, non-performing loans and Brexit.

According to the council’s head Demetris Georgiades, there is decreased competitiveness in the domestic economy, too much bureaucracy, a high-level of non-performing loans (NPLs), and issues with the national health scheme (Gesy) and Cyta.

Georgiades said the government needs to focus on reducing the high public debt and limit the citizenship-by-investment scheme.

The government...


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Fiscal Council warns of internal and external risks to the economy


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Article Tags: fiscal, council, warns, internal, external, risks, economy,