crisis in Cyprus revealed as a strain of the Central Bank in a conference on the economy organized by the Company for Economic Studies with title “Horizon 2017-2018, and future economic challenges”.
Now that money return as deposits to the banks.
Based on the estimates of the Central Bank of Cyprus (CBC), the Finance Ministry and the Center for Economic Studies (JIT) of the University of Cyprus, the cypriot economy will grow at a rate close to 3% in the next two years.
George Kyriacou, director of Economic Analysis of the CBC, remarked that, after the crisis of 2013, the cypriot economy, based on robust private consumption, the extremely high performance of the tourism sector, came out of the crisis and presented positive growth rates.
Source
Cyprus: Billions of euro down pillows
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