Tag: gdp

Taxes and social contributions reach 36.3% of GDP

Cyprus' tax-to-GDP ratio increased to 36.3% in 2025, up from 36% the previous year, according to figures published by Eurostat on Thursday. Despite the rise,...

Cyprus records EU’s second-largest annual public debt drop

Cyprus' gross government debt fell to 54.6% of GDP at the end of the first quarter of 2026, according to figures published by Eurostat...

Public finances record €552.9M surplus in five months

Cyprus maintained a positive fiscal position during the first five months of 2026, as increased tax income, particularly from VAT, helped offset higher government...

Three key pillars that boosted Cyprus’ economy in 2025

The Cyprus economy continues to show strong fiscal and growth performance, with a surplus of around 3% and public debt falling close to 50%...

General government surplus: €1.43 billion – 4.2% of GDP

The preliminary General Government fiscal results, prepared by the Statistical Service, indicate a surplus of €1,431.8 mn (4.2% of GDP) for the period of...

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Global Microsoft outage disrupts emails and AI services

A major global Microsoft outage has caused problems, or...

Cyprus MPs across party lines back plans for new parliament building

MPs from all political parties have agreed on the...

Famagusta district set to open its first public dog park

Famagusta district's first public dog park is expected to...

Limassol man jailed for threatening mother with scissors

A 24-year-old man has been sentenced to 12 months...
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