structural reforms Archives - New Cyprus Magazine

President Highlights Crucial Role of Foreign Investment in Cyprus’ Economic Advancement

President Nikos Christodoulides highlighted the crucial role of foreign investment in Cyprus’ economic advancement, emphasizing the government’s strategic vision for a resilient, competitive economy focused on green and digital transformations. Recognizing foreign investors as key partners, the President outlined three core pillars of economic policy, stressing the importance of structural reforms and strengthening international relationships to drive sustainable economic progress and longterm prosperity.

economic diversification fiscal policies

Cyprus Embraces Structural Reforms for Economic Diversification, According to IMF

By Demis Papadopoulos

Cyprus is embracing structural reforms for economic diversification as recommended by the IMF. The country aims to maintain fiscal discipline, invest in growthsustaining sectors, enhance banking sector resilience, and implement green tax reforms to address aging and climate challenges.

IMF Official Urges Cyprus to Seize Economic Momentum for Structural Reforms

By Demis Papadopoulos

The IMF has urged Cyprus to implement structural reforms in justice, education, and green transition to enhance economic growth, including investing in STEM education and promoting projects like the LNG terminal. These reforms, along with a focus on fiscal policy and the financial sector, can leverage the country’s economic resilience and pave the way for sustainable development and prosperity.