[PIO] Written statement by the President of the Republic Mr Nikos Christodoulides on the upgrade of the Cypriot economy by Fitch Ratings

The new upgrade of the Cypriot economy by Fitch Ratings, which comes on top of the successive upgrades of the last 15 months, confirms that the Cypriot economy is on a stable and dynamic growth path. It is both a vote of confidence in the Cypriot economy and recognition of the prudent policies we are pursuing.

With responsibility and away from populist approaches we will continue, with the same commitment and strategic planning, to implement policies based on the triptych: fiscal responsibility, a stable financial system and continuous reforms.

Thanks to this positive course of the economy and the fiscal capacity of the state, we can implement targeted interventions to support households and the economy.