Cyprus’ economy and stock exchange is not being affected by the upheaval in international markets from China’s slowdown and interest rate cut, said Finance Minister Haris Georgiades.

The stock exchange here is small and lacks the large international companies which are being directly affected, and government bonds are often positively affected when there is market instability so there could be increased buying interest in these assets, he said.

The government is monitoring the situation and wishes that it ends if only for the sake of economic stability, said the minister.