Our comprehensive assessment of Cyprus's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Cyprus, as well as the latest industry developments that could impact Cyprus's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Cyprus before your competitors.
Cyprus Country Risk
Cyprus is past the worst of its brutal recession. Nonetheless, we do not forecast annual economic expansion until 2016, as credit growth remains impaired, public austerity deepens, and the internal devaluation process keeps a lid on nominal and real wages.
Although the Cypriot government's fiscal consolidation plan has begun to bear fruit , with a reduced deficit, a budget surplus is unlikely to be posted anytime soon. With slow economic growth ahead and chronic budget deficits, Cyprus's debt sustainability may again be called into question at some point in the next few years.
Talks to reunify the island have regained some momentum in the...