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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

2nd September 2021

Cyprus/Economy

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

27th August 2021

Cyprus/Economy

Cyprus economy doing better than expected

The Cyprus economy is on a path of recovery and growth, with private initiative, employees and local companies as its pillars, Finance Minister Constantinos Petrides said after Q2, GDP spiked 12.8%. He

18th August 2021

Cyprus/Economy

New mortgages jump to record high, household debt at 95% GDP

Net new loans for house buying rose to €114 mln in June, reaching a new all-time monthly record since December 2014, when the Central Bank of Cyprus (CBC) began recording data. The

2nd August 2021

Business

Cyprus welcomes EU’s 4.3% GDP growth forecast

The EU Commission forecast of economic progress for Cyprus shows the recovery of the Cypriot economy with projections of over 4% GDP growth in 2021 in line with Nicosia, the Finance Ministry

8th July 2021

Business

Central Bank forecasts 3.8% GDP growth for 2021

Cypriot GDP is projected to recover by 3.8% in 2021, following a contraction of 5.1% last year, according to the Cyprus Central Bank’s economic bulletin. In 2022 and 2023, GDP is expected

2nd July 2021

Cyprus/Economy

Recovery plan will add 7% to Cyprus GDP

Cyprus’ recovery and resilience plan to make the economy socially and environmentally sustainable will increase GDP growth by 7% over the five-year implementation, said Finance Ministry official George Pantelis. At the online

15th June 2021

Cyprus/Economy

Economy to grow at moderate pace

The Cypriot economy will recover in 2021, albeit at a more moderate pace than the previous projections due to lockdown measures in January and April, the Cyprus Central Bank forecasts. The projections

11th June 2021

Cyprus/Economy

Cyprus unemployment 9.4%, inflation 1.5%, GDP -1.6%

Cyprus unemployment increased to 9.4% or 43,000 individuals in April (9% among men and 10% for women), from 8% (36,000) in March. A year earlier, the rate was 7.5% or (34,000 jobless).

1st June 2021

Business/Europe

Risk sentiment improves as inflation fears ease

By Lukman Otunuga, Senior Research Analyst at FXTM Asian markets are flashing green on Tuesday, while US futures are rising after technology stocks led gains on Wall Street overnight. As a chorus

25th May 2021

Markets/World