Central Bank reports deterioration of balance of payments, international investment position, external debt in Q2

Cyprus’ balance of payments, international investment position and external debt deteriorated in the 2nd quarter of 2021, provisional data released Tuesday by the Central Bank of Cyprus (CBC) showed.

According to the preliminary balance of payments data for 2021 Q2, the deficit in the current account balance increased from €139,0 million in 2020 Q2, to €648,6 million, in 2021 Q2.

The resulting deficit when adjusting the data to the impact of Special Purpose Entities (SPEs), in other words when classifying SPEs as non-residents, stood at €645,5 million in 2021 Q2, compared with a deficit of €409,6 million in 2020 Q2, said the Central Bank.

Source: Cyprus News Agency