Cyprus reform programme faces material risk, says Eurobank

Cyprus reform programme is facing material risk due to a parliament unwilling to back the governments reform agenda, Eurobank says in monthly regional economics and market strategy bulletin.

In its remarks for Cyprus, Eurobank, which operates a subsidiary on the island, said the economic recovery continues to impress with the countries GDP registering a 2.7% growth year on year in the second quarter of the current year, noting that economic activity is projected to gain pace reaching 2.

Source: Cyprus News Agency.