Cyprus remains one of the European Union’s strongest-performing economies despite a challenging international economic environment marked by geopolitical uncertainty and external shocks, the country’s finance minister, Makis Keravnos, said on Thursday.
Addressing the 65th Annual General Meeting of the Institute of Certified Public Accountants of Cyprus, Keravnos noted the resilience of the Cypriot economy and outlined the government’s key economic policy priorities, including strengthening economic resilience, accelerating the transition to a more sustainable and competitive growth model, and ensuring that economic growth benefits all segments of society.
“The Cypriot economy is among the best-performing in the EU in terms of economic indicators,” Keravnos said, noting that the government remains focused on safeguarding long-term stability amid an increasingly volatile global landscape.
He described fiscal discipline as the government’s foremost priority, emphasizing efforts to steadily reduce public debt, maintain fiscal surpluses and build fiscal buffers that would allow the country to respond effectively to both external and domestic shocks.
