UCy revises real GDP growth upward

Real GDP growth is projected at 5.4% in 2021 and 4.1% in 2022, upward revisions mainly driven by the strengthening recovery during the second quarter of this year, according to the University


Cyprus Q2 GDP growth spikes 12.9%

The annual seasonally adjusted GDP growth rate is estimated at 12.9% for the second quarter of 2021, a huge improvement on the 2.1% shrinkage in the previous three months. It is the first


Cyprus fourth in EU defence spending

Cyprus ranked fourth among EU member states when it comes to military expenditure in 2019, after Estonia, Greece and Latvia. According to figures published on Friday by Eurostat, €168.5 bln was spent

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