The Central Bank of Cyprus (CBC), jointly with the European Stability Mechanism (ESM), held a high-level conference reviewing progress in the Cypriot economy over the last decade, taking stock of current conditions and discussing future challenges. In opening remarks, CBC Governor Christodoulos Patsalides and ESM Head of Mission for Cyprus Wim Van Aken emphasised sustained dialogue between national institutions and European partners to identify emerging risks and vulnerabilities and support financial stability. The agenda focused on three thematic areas: risks to the economy after the end of the adjustment programme, including ESM analysis of key post-programme vulnerabilities and resilience; developments in house prices, with CBC executives outlining recent trends and challenges for sustainable real estate sector development; and public debt risks, with ESM executives comparing past forecasts with the current situation and assessing long-term fiscal sustainability. The CBC and ESM framed the conference as part of their ongoing cooperation and reaffirmed continued engagement on key economic challenges.
Central Bank of Cyprus 2025-03-21
Central Bank of Cyprus and European Stability Mechanism host high-level conference on Cypriot economic risks housing prices and public debt
The Central Bank of Cyprus and the European Stability Mechanism held a conference to review the Cypriot economy's progress over the past decade and discuss future challenges. Key topics included post-programme economic risks, real estate sector trends, and public debt sustainability. The event underscored the importance of sustained dialogue between national and European institutions to address emerging risks and support financial stability.