Stavrakis assures investors on economy course

New Minister of Finance Charilaos Stavrakis said on Friday that all investors, either Cypriot or foreign, should feel confident that the government will continue implementing the mixed economy model, which has offered much to Cyprus, creating a more robust and competitive economy on the one hand, and a fairer society on the other hand.
Speaking after the swearing in ceremony of the new cabinet, Stavrakis said he would be attending the EU Ministers of Finance Council on Monday, adding that ”we must give the message to our European partners that life here goes on and we are speaking about a robust economy with a social face.”
Asked about the course the Cypriot economy will take, Stavrakis said ”the message is clear, no one should worry, on the contrary all investors, foreign and Cypriot, should feel confident that we will continue this mixed model, which has offered Cyprus so much, creating a more robust and competitive economy on the one hand, and a fairer society on the other hand.”
Regarding Thursday’s plunge in the Cyprus Stock Exchange, which coincided with the investiture of the new President, Stavrakis said the two issues were not related.