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Businesses moderately optimistic over economic growth
January 4, 2019
Cypriot businesses are facing the new year with optimism as regards prospects for growth but remain concerned over red tape and energy prices, the chamber of commerce (Keve) said on Thursday.
Keve announced the Cyprus-related results of a pan-European survey carried out by chambers of commerce on the business climate in Europe held towards the end of each year.
The survey covered over 45,000 businesses in 26 countries.
“The findings for Cyprus showed increased but moderate optimism for 2019 confirming the continued recovery of our economy,” Keve said in a written statement.
The findings, it said, were broadly in line with all the other European countries that participated in the survey.
According to the survey, 57 per cent of Cypriot businesses said they believe they would see increased domestic sales in 2019, which is the fourth best forecast at pan-European level.