Harris Georgiades on Bloomberg - S&P Raises Cyprus to Investment Grade

Invest Cyprus: S&P Raises Cyprus to Investment Grade

Cypriot Finance Minister Harris Georgiades discusses the upgrade of the country’s credit rating, the banking sector, Russian investment in Cyprus, their ties with Turkey and trade relations with the U.K. He speaks exclusively on “Bloomberg Markets: European Open.” (Source: Bloomberg)

Full video available here

As Mr Georgiades twitted earlier, “Telling the story of a successful recovery, 4% growth, 3% budget surplus, & offering a commitment that fiscal discipline & promotion of reform agenda will be maintained. Aim is to broaden productive base of economy, fully heal banking sector & enhance competitiveness.”

The Cyprus Investment Promotion Agency (Invest Cyprus), presented the investment opportunities that Cyprus can offer in view of Brexit, in an event that took place in London, on the future of Europe and Cyprus. The event, which was co-organised by the Agency and Bloomberg, took place on Friday, 21st September at the new headquarters of the international news agency, under the auspices of the President of the Republic, Nicos Anastasiades.

In the framework of the event, panel discussions divided into three thematic areas were organised. Crucial actors of the Cyprus financial scene took part in the discussions, including Minister of Finance, Harris Georgiades and Minister of Energy, Commerce, Industry and Tourism George Lakkotrypis. Participants included also President of the Cyprus Securities and Exchange Commission, Demetra Kalogerou, Managing Director of the Central Bank, Constantinos Herodotou, CEO of Bank of Cyprus John Hourican, CEO of Hellenic Bank Ioannis Matsis, CEO of Deloitte Cyprus Christis Christoforou, Executive Director of PwC Kyriacos Kokkinos, Managing Director of KPMG Demetris Vakis, shareholder of EY Cyprus Stelios Demetriou, Director of City of Dreams Mediterranean and Melco Resorts & Entertainment, Andy Choy and president of Columbia Shipmanagement LTD, Mark O’Neil.

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Article by: imperioproperties