articles | 12 May 2014

Government plans to jump-start the economy

President Nicos Anastasiades reassures the public that there will be no more taxes or other cuts, but instead there will be plans to create incentives that will help boost the economy.

President Anastasiades acknowledged that harsh measures have been imposed but noted that things would have been worse if bold decisions were not taken at the time when Cyprus was facing bankruptcy and a controlled economic course.

Fifteen months later, he said, the positive assessments by international credit rating companies of Cyprus' correct political and economic practises and the Troika lenders evaluations are relieving.

He assured that there will be no more taxes or other cuts. Instead there will be plans to create incentives that will help jump-start the economy.

President Anastasiades further pledged to continue with the same insistence to fight for a reunification of Cyprus.

He also said that he will not tolerate Greek Hellenism to be sacrificed in the name of self-doubt.

Regarding the 25 May 2014 Euro elections, President Anastasiades said that the messages the elections will convey are varied and abstention is not a way to express one’s views. He urged the people to give a vote of confidence to the policies that are leading the country out of the deadlock.

Source: Famagusta Gazette

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