Cyprus Economy

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Cyprus Economy

An elderly man wearing a protective mask carries groceries in a bag from a store in Limassol. Cyprus, Tuesday, January 19, 2021. Cyprus could default if the revised budget is again rejected by parliament and the country loses its investment rating. This was stated by Finance Minister Konstantinos Petridis. “We cannot allocate money to support the economy and will soon have to cry over the scorched earth, because we are experiencing the eleventh month of a pandemic, and the resources of private business have reached their limits,” the minister told parliament members. (Photo by Danil Shamkin/NurPhoto)


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