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Nouris: Economy facing new prospects for development

Nouris: Economy facing new prospects for development


“Although the pandemic has caused delays in the implementation of plans for the complete modernization of the state, we are now facing a new reality that serves as a springboard in our quest to further revitalize the economy and achieve long-term sustainable economic, social and environmental development,” said Nikos Nouris, Minister of the Interior.

Speaking on behalf of Cypriot President Nikos Anastasiadis, Nouris told the 8th General Assembly of the Major Investment Projects Association that the government’s successful stance is also reflected in the Cyprus Commission’s economic outlook for the current year. According to the forecast, Cyprus is expected to have a higher growth rate than the EU average, which indicates the strong dynamics of the Cypriot economy, the minister added.

The recovery and resilience plan, known as Cyprus Tomorrow, is also contributing in this direction, he said, as it is expected to lead to GDP growth of 7.1% and the creation of 11,000 jobs. In addition, significant investments are expected to come through THALIA, a program sponsored by the EU Cohesion Policy Investment and Structural Funds, Nouris said.

The 8th General Meeting of the Association of Large Developments was attended by political and business figures, as well as party leaders and high-ranking leaders and members of professional associations. The event was also attended by the President of the Association, Andreas Demetriades, as well as the President of the Cyprus Chamber of Commerce and Industry, Christodoulos Angastiniotis.

Source and photo:, Editor

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