Cyprus Business Now: BoC, tourism, poverty, trade union, credit rating, Paphos

Credit rating agency Capital Intelligence Ratings on Monday affirmed Cyprus’ long-term foreign currency rating at BBB+ with a stable outlook, while also confirming the short-term rating at A2.

The agency said the ratings are supported by the  continued strengthening of public finances , reflected in sustained budget surpluses, declining public debt and low fiscal risks in the short to medium term.

“ This is reflected in sustained budget surpluses, declining