Cyprus: Trip Notes to Limassol & Nicosia, 14-16 April 2013
Cyprus: Trip Notes to Limassol & Nicosia, 14-16 April 2013
Emerging Markets Special Focus Reports
30 Απριλίου 2013
Earlier this month we visited Cyprus to participate in the Global Russia Business Meeting forum[1] (Limassol 14-15 April 2013), for which Eurobank Cyprus was a Strategic Partner. We also took the opportunity to visit Nicosia (16 April) and hold a number of meetings with key policy makers, government officials and prominent domestic analysts. Our discussions primarily focused on present situation in the domestic banking system as well as on the short- and medium-term prospects of the Cypriot economy in the context of the bailout agreement reached at the 25 March 2013 Eurogroup. In this note we highlight some of the main issues discussed during our meetings and provide an assessment of the domestic economic outlook as well as the future role of Cyprus as a regional business services hub.
