Nicosia: President of the Republic Nikos Christodoulides described the successful issuance of the Republic of Cyprus' 10-year bond as a vote of confidence by international markets in the Cypriot economy and the country.

According to Cyprus News Agency, the President emphasized the magnitude of the bond's oversubscription, with bids reaching £16.5 billion for a £1 billion issue, indicating strong international market confidence. He shared these insights in a post on X, underscoring the significance of this financial milestone.

The President further highlighted several economic indicators, such as an estimated growth rate of 3.1% in 2026, which ranks among the highest in the euro area. He also mentioned the near full employment scenario with an unemployment rate of 4.6%, along with strong fiscal surpluses and a continuous reduction in public debt. These factors, he noted, confirm the credibility and stability of the government's economic policies, which bolster confidence and enhance Cyprus's international reputation.