Press Release: Support Group for Cyprus, first Activity Report: helping Cyprus pursue reforms and restore growth

On 1 April 2014, the Support Group for Cyprus published its first report on technical assistance for Cyprus.

The Support Group was launched by European Commission President José Manuel Barroso in March 2013 to coordinate the technical assistance requested by Cyprus in order to help implement specific reforms set out in its economic adjustment programme, alleviate the social consequences of the economic downturn and revive and diversify the economy.

• Primary Source

European Commission: Economic and Financial Affairs: Financial assistance in EU Member States: Cyprus http://ec.europa.eu/economy_finance/assistance_eu_ms/cyprus/sgcy_en.htm

ESO: Background information: Cyprus economic crisis: 'Still recovering' one year on http://www.europeansources.info/record/cyprus-economic-crisis-still-recovering-one-year-on/

BBC News, 02.04.14: Cyprus banks seeing signs of stabilisation, says IMF http://www.bbc.co.uk/news/business-26848416

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