Moody’s rating agency announced late on Friday that it has upgraded the government bond ratings of Cyprus to ‘BA3’, while maintaining a positive outlook on the island’s rating as improvements in economic resilience, continuing fiscal outperformance are likely to be sustained, it noted. Moody’s also stated that Cyprus’s long-term country ceilings have been raised, to reflect continuing improvements in economic resilience and fiscal outperformance. Friday. Eight consortia, including German giant Siemens, Enercon and Denmark’s Vestas, participated in the project’s tender last Thursday, an official from the energy ministry told Reuters. The project will involve the construction of a 1,000megawatt power plant and wind turbines, which will increase Turkey’s wind energy production by 17 percent.