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Cyprus`s debt despite the €6.3 billion spike due to the Covid pandemic has managed to extend the debt’s maturity curve, rending debt servicing “comfortable,” Cyprus Public Debt Management Office (PDMO) has said in its annual report for 2020. According to the PDMO’s annual report, Cyprus public debt in 2020 rose by 24 per cent of GDP with the Finance Ministry opting to significantly boost is cash buffers aiming to support the labour market and businesses in the midst of the economic …
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