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Moody's credit rating upgrade for Cyprus opens the door to investment, president says

  • Moody's upgraded Cyprus' credit rating to A3, enabling quality foreign investment that will create jobs, according to President Nikos Christodoulides.
  • The rating agency noted Cyprus' "prudent fiscal policy" and robust public revenue growth that resulted in fiscal surpluses.
  • Companies from Ukraine, Israel, and the Middle East are establishing headquarters in Cyprus, boosting investment in various sectors like energy and tourism.
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