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The Government of Cyprus has announced that 2015 will be a year of changes

05.01.2015

Few days ago, the Government of Cyprus made a clear statement that this year will start with some necessary restructuring of state agencies and job cuts. Organizations that are partly controlled by the state at the moment will start operating on commercial basis. In the banking sector there will be changes too. A long ago established problem of loans not being settled by customers on time has to be looked over as well. The upcoming tourist season, forecasts a shorter flow of tourists coming from Russia that ever due to instability of the national currency.

Despite all, the Government of Cyprus tried to assure its citizens that the predicted changes are necessary and will only bring a better overall change in general, and will help to resolve some of the known problems.

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