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Finance Minister: GDP Data Confirms Cypriot Economy's Dynamism

Published February 13, 2026, 17:26
Finance Minister: GDP Data Confirms Cypriot Economy's Dynamism

The Minister of Finance, Makis Keravnos, stated that recent GDP data for Cyprus in the fourth quarter of 2025 confirms the dynamism of the Cypriot economy, despite challenges in the external environment. He emphasized that the policies of the Ministry of Finance have created a stable environment with prospects, recognized both domestically and by international partners. Mr. Keravnos mentioned that the government has ensured fiscal stability and sustainability, achieving surplus budgets and reducing public debt. He also highlighted the maintenance of high liquidity and the strengthening of the country's creditworthiness as important goals. Significant improvement has also been observed in inflation, which has fallen to zero, boosting the purchasing power of citizens and creating price stability. At the same time, growth and employment are strengthening, with Cyprus growing at rates higher than the EU average and unemployment remaining at low levels. According to data from the European Statistical Office, Cyprus's growth rate in the fourth quarter of 2025 is 4.5%, significantly higher than the European average. The Minister of Finance expressed confidence that prudent fiscal management will contribute to the further resilience of the Cypriot economy and the maintenance of high growth rates, above 3%, in the medium term.