Advertisement 
International Monetary Fund (IMF) points out that economic growth in Cyprus is gradually decelerating but remains strong, buoyed by the services and construction sectors, partly financed with foreign direct investment, in its 3rd post-programme monitoring. At the same time it stresses that that the level of Non-performing Loans (NPLs) remains among the highest in the EU and that both public and private debt remain high. According to the report issued Tuesday, while employment is picking up, wage pressures and inflation remain …
Advertisement
Advertisement
