17/9/15

The Cyprus problem and economy high on the agenda of the meeting between President of the Republic and CEB Governor

The Cyprus problem and economy high on the agenda of the meeting between President of the Republic and CEB Governor


The President of the Republic, Mr Nicos Anastasiades, received today, at the Presidential Palace, the Governor of the Council of Europe Development Bank (CEB), Mr Rolf Wenzel.

At the meeting, the President Anastasiades and Governor Wenzel discussed, inter alia, the course of the recovery of the Cypriot economy and the social challenges that Europe is facing today.

President Anastasiades briefed Mr Wenzel on the course of the negotiations with regard to the efforts to resolve the Cyprus problem. In this regard, reference was made to the important role CEB could play, in case of a solution to the Cyprus problem, with regard to the financial aspect of the issue.

During the discussion, the positive course of the Cypriot economy was underlined, in view of the restoration of financial stability and the return to positive rates of growth, thereby, opening the prospects for the funding of new development projects. Within this context, it was agreed that the possibility for the financing by CEB of a number of development projects, which have recently been announced by the government, should be explored.