Cyprus’ GDP growth will slow considerably as the war in Ukraine pushes inflation to unprecedented heights, according to the European Commission. In its Spring forecasts on Monday, the European Commission revised its
The University of Cyprus downgraded its projection for economic GDP growth this year to 2.6% due to the Russian invasion of Ukraine, warning of potential deterioration in asset quality in the banking
At the end of the fourth quarter of 2021, the government debt to GDP ratio in the euro area stood at 95.6%, compared with 97.5% from Q3 2021, with Cyprus recording the second-biggest
Cyprus ship management revenues increased to €516 mln during the second half of 2021, or 4.2% of GDP (as turnover), marking a steady recovery from the pandemic and associated decline in economic
Cyprus is braced to lose revenue from Russian and Ukrainian tourists, as the economy is expected to lose around 2% of its GDP due to the Ukraine conflict. As the war in
The continued high GDP rate in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides
The Cypriot economy is expected to remain robust in 2022 as real GDP is projected to expand by 4.1%, according to the University of Cyprus Economic Outlook According to the university’s Economic
The Cypriot economy in 2021 recovered the output lost during the COVID crisis and will continue to grow at an average of 3.7% GDP in 2022 – 2024, the Central Bank of
The high 5.3% GDP growth in Q3 2021 confirms the strength of the Cypriot economy, reinforcing expectations for a positive outlook in Q4, the Finance Ministry said. According to preliminary estimates of
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
