Government Spokesperson Konstantinos Letymbiotis says the recent double upgrade of Cyprus’ economy by Moody’s Investors Service marks a pivotal moment. Speaking on Sunday after a memorial service in Paphos, Letymbiotis noted that the elevation to an A-level credit rating—the first in 13 years—reflects trust in the country’s fiscal management and strategic direction.
Highlighting the priorities of President Nikos Christodoulides’ administration, Letymbiotis reaffirmed the government’s commitment to policies focused on the welfare of the Cypriot people. Special attention is being directed toward supporting youth and small and medium-sized enterprises (SMEs) to drive sustainable economic growth.
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Letymbiotis expressed optimism that Moody’s upgrade will catalyse further positive developments, particularly in attracting foreign investment. The improved rating is expected to bolster investor confidence, laying the groundwork for long-term economic opportunities and prosperity.