S&P Raises Cyprus to Investment Grade

The video discusses Cyprus's economic recovery, highlighting the upgrade in credit rating and growth exceeding 4% GDP. It covers the banking sector's recovery, noting the reduction of NPLs and healthier foundations. The shift in Russian investment from banking to tourism is explored, along with Cyprus's diversified economy. Relations with Turkey are minimal, focusing instead on European markets. Brexit's impact on trade, particularly halloumi exports, is a concern, with hopes for a comprehensive deal to maintain strong UK-Cyprus relations.

What economic indicators suggest a positive outlook for Cyprus?

• Rising inflation rates

• Decreasing fiscal surplus

• GDP growth exceeding 4%

• High unemployment rates

What was a major challenge for the Cypriot banking sector during its recovery?

• Lack of international investors

• Low interest rates

• High levels of non-performing loans

• Excessive government intervention

How has the Cypriot banking sector changed since the crisis?

• It has reduced its international presence

• It has increased its reliance on Russian investments

• It is now based on healthier foundations

• It has become less regulated

What is the current state of Russian investments in Cyprus?

• They are increasing rapidly

• They dominate the banking sector

• They have significantly decreased

• They are primarily in the energy sector

What is Cyprus's economic relationship with Turkey?

• Joint ventures in tourism

• Dependent on Turkish imports

• No economic or commercial ties

• Strong commercial ties

Why is Cyprus concerned about Brexit?

• Potential loss of EU funding

• Impact on halloumi trade with the UK

• Decrease in tourism from the UK

• Increased tariffs on Cypriot exports

What does Cyprus advocate for in terms of Brexit negotiations?

• A comprehensive overall Brexit deal

• A series of smaller agreements

• Complete separation from the UK

• Increased tariffs on UK imports