The Economy of Greece

Cyprus' and it's economy's challenge

The economy of Cyprus is a high income economy according to the world bank. And just this January 2008 they started to use the euro currency.2012 to 2013 was a really bad year for Cyprus. Because the European debt crisis really affected the economy of Cyprus real bad. And one of the major bank in Cyprus has been splitted and turned into a bad bank. But starting on 2015, Cyprus'economy rose from the ground and it continues to grow. And they also paid the financial assistance by March 2016. Cyprus really faced their challenges but they never turned it down. Now, they are continuing to grow. That's the Cyprus'economy!

Copyright (C)2022The Economy of Greece.All rights reserved.