Ukraine war may derail public debt

The government aims to reduce public debt to 94% of GDP in 2022, but this target could be affected by the economic crisis, and the war in Ukraine, said Finance Minister Constantinos

Fitch cites public debt, weak banking sector

Fitch rating agency affirmed Cyprus’ long-term sovereign rating at “BBB-” with a stable outlook, citing high sovereign debt and a weak banking sector as the main challenges facing the economy. It said