Cyprus is about to enter a new stage of development, said Nicos Anastasiades

Delivering his New Year Address to the citizens of Cyprus, President Anastasiades congratulated them on a hard but fruitful year. He said that although Cypriots had to endure great financial difficulties and hardship in 2014, the government has managed to successfully implement the country`s economic adjustment program which helped stabilize the economy and consolidate the banking sector. With the financial creditability of the state restored, Cyprus was able to return to the markets.