https://apnews.com/67598d9e03c8d9daedcf4bc36c0a5ec8

NICOSIA, Cyprus (AP) — Cyprus' president on Monday unveiled a 4.4 billion-euro ($5.34 billion) economic stimulus plan, which he described as the “most ambitious ever” in the country’s 61-year history as an independent republic.

Nicos Anastasiades said the five-pronged plan is projected to add another 7% to the gross domestic product over the next five years and at least 11,000 new jobs in the European Union-member country with a population of approximately 875,000.