President Christodoulides discusses economic prospects at the 16th Nicosia Economic Congress

On April 8, 2026, President Nikos Christodoulides participated in a roundtable at the 16th Nicosia Economic Congress. The discussion focused on sustainable economic development, geopolitical risks linked to the conflict in the Middle East, and the role of the state in supporting the business sector. The President highlighted that Cyprus currently maintains one of the highest growth rates in Europe and has reached full employment levels, with an unemployment rate below 5% for the first time since 2008. He further reported that public debt has been reduced to approximately 55% of GDP. Government priorities include transitioning to renewable energy sources and maintaining stable, predictable economic policies despite global instability. Christodoulides emphasized that his administration follows a social liberal philosophy, prioritizing long-term structural decisions over short-term electoral gains. International rating agencies have granted Cyprus an A-category rating, reflecting these economic indicators.