Letymbiotis hails Cyprus economic resilience shown in EU Autumn Forecasts

Government spokesperson Konstantinos Letymbiotis on Friday said the European Commission’s Autumn Forecasts show Cyprus’ economic resilience, flexibility, and adaptability in challenging financial landscapes.

According to the forecasts, Cyprus currently stands among the top five Eurozone countries showing the highest growth rates from 2023 to 2025.

The forecasts indicate a continued deceleration in inflation, labour market growth, and a substantial decrease in debt, reinforcing the country’s economic strategies.

“As a government, our commitment remains steadfast in fortifying and expanding the economy, exercising prudence and responsibility,” Letymbiotis said.

“Fiscal responsibility, a robust financial system, and ongoing reforms remain the core principles of our policies. A strong economy is fundamental for a welfare state that significantly enhances the everyday lives of people.”

Letymbiotis also addressed the growing interest for joining the administrative boards of public legal entities, open until November 20.

“So far, 77 expressions of interest have been submitted for the Electricity Authority of Cyprus (EAC), 72 for the Cyprus Sports Organisation (CSO), 29 for the town planning council, and 51 for the Cyprus Broadcasting Corporation,” he said.

“We once again encourage our fellow citizens interested in contributing to these organisations to express their interest via the website gnomodotiko.gov.cy,” Letymbiotis concluded.