Our policies remain the same despite the Covid setback, FinMin says

Despite the setback of the Covid pandemic, Cyprus’ policies remain the same in achieving macroeconomic stability, implementing prudent fiscal policies, ensuring financial stability and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides has said as the Cypriot economy is poised to recover the ground lost during the global health shock.

“Despite the pandemic setback, our policy priorities remain the same, that is achieving macroeconomic stability, implementing prudent fiscal policies, ensuring financial stability and establishing a competitive, business-friendly regulatory environment of high standards,” Petrides said addressing 7th International Funds Summit –Speech by Minister of Finance.

As he said, the Cypriot economy shrank by 5.

Source: Cyprus News Agency