Cyprus Growth Rated Positive

The conclusions of the latest European Commission and European Central Bank review of the Cyprus economy were the most positive ones since 2013, Finance Minister Harris Georgiades said on Saturday, euronews reported. The European Commission and the European Central Bank on Friday concluded their third post-program review of Cyprus’ performance and in a press release called on Cyprus to renew the reform effort, continue fiscal discipline and accelerate the reduction of the high stock of non-performing loans in a bid to sustain economic growth. They also acknowledged that economic growth exceeded expectations, facilitating better than expected fiscal surpluses for the public sector.