Economy will recover if there’s no setback says Cyprus Minister of Finance

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If there is no setback as regards the economy and the pandemic, the economy will recover without derailment, said on Monday Cyprus` Minister of Finance, Constantinos Petrides.Petrides was briefing the parliamentary committee on Finance about a supplementary budget for 2021 amounting to €148.5 million, with an impact on public finances of 0.71% of GDP. This is the second supplementary budget this year after the additional €250 million, which were approved by the Ministry last March.Petrides, furthermore said that the Ministry …

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