News Economy President: Cyprus is in recovery but work is still needed

President: Cyprus is in recovery but work is still needed

President Anastasiades said that Cyprus is on a path to recovery and that the county is recovering, but there are still problems that need to be addressed.
Cyprus President Nicos Anastasiades said on Sunday that despite the fact that the country’s economy is recovering, there are still problems which need to be addressed, assuring that his government will do its utmost for the implementation of projects suspended due to the financial crisis.
"We are at the stage of recovery, certainly we still have problems and we still have some way to go, but I want to assure you that we will do everything possible, in order to soon announce or see how we can implement some of the projects suspended due to the financial crisis,” the President said, speaking during the inauguration of a local project in Kato Polemidia Municipality, in Limassol.
"Every time we inaugurate a development project, we provide our country another tool to address the economic recession we are experiencing. Promoting development and infrastructure is the primary goal of every government, but also a fundamental precondition for restarting the economy," the President noted, adding that “this is the intention of the government, to the extent the country’s economy allows us to do so."
He expressed optimism that gradually the government will overcome all the problems it had to face after assuming office, as a result of the economic crisis.
Source: CNA