Cyprus has just exited its three-year bailout program having passed creditors' requirements for reforms and cuts with aplomb however, its finance minister remains coy about the country's return to international credit markets.
"I cannot confirm if it's going to be a 10 (-year bond) or a 7 (-year bond), but what the markets are seeing is a very positive trajectory in Cyprus, we are back in growth, the debt is coming down, the non-performing loans are being restructured fast, so the positive trajectory is clear to markets," Cypriot Finance Minister Harris Georgiades told CNBC on Thursday.
"I cannot confirm when but we will be out and about in the markets," he said.
Georgiades' comments come on a day when markets will be looking ahead to the latest monetary policy decision by the European Central Bank. There are expectations that the ECB will introduce more stimulus measures to promote growth and inflation in the 19-country euro zone.
The ECB embarked on a massive bond-buying program a year ago to stimulate growth but growth remains sluggish and the rate of inflation is very low signalling that more may need to be done.