Cyprus GDP growth projected at 3.3% for 2021

According to the University of Cyprus Economics Research Centre, the island’s GDP growth is projected at a slower 3.3% for 2021, accelerating to 3.6% next year. April’s growth forecast for 2021 was

Cyprus public debt rises to 124% GDP

Cyprus’ public debt widened to €26 bln, or 124% of GDP at the end of February, pushed by increased government borrowing to support the real economy during the coronavirus pandemic. Rising public

EU expects 3.2% Cyprus GDP growth for 2021

The European Commission expects the Cyprus economy to grow by 3.2% against a recession of 5.8% for 2020, according to its winter economic forecasts issued Thursday. GDP growth is expected to remain

Cyprus economy to rebound 4.5% GDP in 2021

Finance Minister Constantinos Petrides expects to see the Cyprus economy bounce back from the pandemic with 4.5% GDP growth in 2021 following a 5.5% contraction during last year’s health crisis. Addressing Invest

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