The economic, political and social situation in Cyprus remains mixed. Although Cyprus has exited the bailout, it is clear that the reform drive of the government had faltered, and that political support by other political parties has fractured. And while some very positive investments have been announced, the economy remains dominated by three sectors and economic headwinds, such as declining competitiveness and a high non-performing loan stock remain unaddressed.
This article reviews some of the major developments in different areas of the Cypriot economy. It concludes that headline numbers aside, unless Cypriot voters and citizens are prepared to make difficult decisions about the future of the country, Cyprus will remain far behind realising its true potential.
Please read the complete article on Navigator Consulting Group.