[PIO] Presentation of the book "Economic Aspects of Cyprus: Walking through the Centuries - From the Conquerors to the Republic of Cyprus"

The Comptroller General of the Republic Ms Rea Georgiou presented today the book entitled "Economic Aspects of Cyprus: Walking through the Centuries - From the Conquerors to the Republic of Cyprus", a publication prepared by the General Accounting Office of the Republic.

The presentation took place at the PASYDY Amphitheatre in the presence of dignitaries and guests.

The book is the result of the collective work of the General Accounting Office, and covers the course of the management of Cyprus' public resources through the centuries. Starting with the period 10,000 BC, it presents all the conquerors of the island, explaining how the historical importance of Cyprus has always far exceeded its size. The book deals with important milestones in the history of Cyprus, when the island gradually developed into one of the main cultural and commercial centres of ancient Greek civilisation, but also with the periods when the heavy taxes imposed by the conquerors left the living standards of the Cypriots in a difficult situation. Reference is then made to the establishment of a transparent accounting system by the English conquerors, who placed the Accountant General at the head of the system. It then analyses how the Republic of Cyprus, from 1960 onwards, continued to implement this system, with explicit provisions in the Constitution for the role of the Accountant General, concluding that these solid foundations of Cyprus' accounting work since the establishment of the Republic of Cyprus led to the General Accounting Office's reform programme to modernise and upgrade the island's Public Financial Management.

According to Ms Georgiou, through the pages of the book the integrity of the institution of the General Accounting Office of the Republic is highlighted over time, without being an end in itself, while the expectation of the General Accounting Office of the Republic is to further improve the financial management of Cyprus to the standard of best international practices successfully applied by economically advanced countries.

This was followed by the awarding of previous Heads of the General Accounting Office of the Republic.
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