Question

What is likey to happen in the political an economic future of cyprus? explain.

Answer 1

When Cyprus's island president Nico Anastasiades was re-elected, he found the country in one of the most severe economic crises in the history of this nation. Since he was elected, some steps have been taken to bring the economy back into stability. It is expected that in 5 years the country will recover economically and become one of the fastest growing economies in the EU.

Due to the free-market Cyprus develops, businesss environment and stable tax regime, the economic perspective of the country is quite positive.

As for the government, President nicos has been highly approved during this new term. There is a very strong political division and it is still very uncertain to say that there may be a reunification of the country. This will depend on the parties and the approval of the population, with their vote. The fuse was last year, when there was a collapse between Grecians and Cyprian Turks, when such subject was brought to table. With Nico's government, stability and negotiation among partisans are expected.