Cypriot President Nicos Anastasiades on Monday outlined a 12-point plan which is expected to rescue his stagnant economy.

Cypriot President Nicos Anastasiades has outlined a 12-point plan to rescue his country's troubled economy. (Photo: AFP)

The package includes a series of measures to attract foreign investment including removing bans on casinos, waiving taxes for re-investors, and loosening payment terms and interest rates. The President said the government will focus on stimulus methods for economic growth.