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  • After three consecutive years of recession, the economy of Cyprus bottomed out in 2014. In the first quarter of 2015, GDP registered the first positive growth on a quarterly and an annual basis since Q2-2011
  • Cyprus has made significant adjustment progress within the programme in a number of areas including and not limited to restoring the health of the banking sector, the complete lift of capital controls, the fixing of the public finances and the addressing of earlier macroeconomic imbalances