Global Statistics

All countries
369,185,879
Confirmed
Updated on January 28, 2022 9:54 pm
All countries
289,437,145
Recovered
Updated on January 28, 2022 9:54 pm
All countries
5,663,588
Deaths
Updated on January 28, 2022 9:54 pm

Global Statistics

All countries
369,185,879
Confirmed
Updated on January 28, 2022 9:54 pm
All countries
289,437,145
Recovered
Updated on January 28, 2022 9:54 pm
All countries
5,663,588
Deaths
Updated on January 28, 2022 9:54 pm

Economy more resilient than expected: Cyprus Minister

The Cypriot finance minister told CNBC that Cyprus' economy had proved more resilient than many had expected, and that the government had worked well with the country's central bank governor, who has just resigned.

Finance Minister Harris Georgiades was speaking one day after Central Bank Governor Panicos Demetriades submitted his resignation. His replacement, Chrystalla Georgadgi, was announced on Tuesday and will take over on April 11.

(Read more: Cyprus central bank governor resigns)

While the reason for Demetriades' resignation was unclear, it was apparent he had difficult relations with the center-right government — President Nicos Anastasiades said last September that he was seeking Demetriades' removal.

However, Georgiades denied he was relieved Demetriades had resigned. "No, it would be unfair to say that," he told CNBC.

"There were problems in the past, but we have tried and we have managed to cooperate quite well over the last year. But it happens and he has decided to step down, and life goes on."

(Read more: Cyprus sees more stability)

Cyprus Finance Minister Harris Georgiades (L) speaks with the European Central Bank President Mario Draghi (R)PETER MUHLY | AFP | Getty Images

Demetriades had criticized the Cypriot president's handling of the country's financial crisis, which saw international lenders bail-out the country's banking sector, offering 10 billion euros ($13.8 billion) in aid last March.

"It was a difficult year," Georgiades told CNBC. "We had to cooperate and the best was done under the circumstances, and the fortunate thing is that we have come a long way since the dramatic climaxing of the problems last year, in the economy as a whole, but also in the banking system."

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