CNA News – CNA – Gregoris Savva – CYPRUS/Nicosia 23/12/2018 14:47

Reforms would further consolidate the growth climate in Cyprus, government says

The implementation of structural reforms would further strengthen and deepen the positive growth climate characterizing the Cypriot economy, Government Spokesman Prodromos Prodromou said commenting on the release of the quarterly Economic Bulletin issued by the Central Bank for December 2018. The CBC said Cyprus will continue recording strong growth rates until 2021. The CBC bulletin confirms the projections for strong growth in the coming years and underlines the strong investment activity and the inflow of foreign capital, which is consistent with the expansion of the economy, Prodromou said in a written statement.

Cyprus economy to continue robust growth until 2021, Central Bank says

The Cypriot economy will continue to grow with a robust pace over 3% until 2021 mainly underpinned by strong domestic demand, economic activity and investments, the Central Bank of Cyprus (CBC) said in its economic bulletin for December 2018. The CBC projects that economic growth will reach 3.8% in 2018 and will decelerate to 3.7% in 2019, while economic expansion is projected to decline further to 3.2% and 3.3% in 2020 and 2021 respectively. The main drivers for growth in the forecast horizon are domestic demand, economic activity and investments, the CBC said.

Repatriation of 6th century mosaics in 2018 important for world cultural heritage, Cypriot art historian tells CNA

Cypriot art historian Maria Paphiti has told the Cyprus News Agency (CNA) that 2018 was a significant year for the world cultural heritage, as the last complete fragments from the nearly 1,500-year-old apse mosaic of the church of Panagia Kanakaria in the occupied village of Lythrangomi, in Famagusta district, missing since their looting in 1976, were repatriated to Cyprus. The repatriation of these 6th century mosaics is important not only for Cyprus but for the world cultural heritage too, stressed Paphiti, who identified in 2014 the fragment of Apostle Andrew from the Church’s 6th century mosaic decoration.

Source: Cyprus News Agency