Cyprus current account deficit down in Q3 2019

Cyprus current accounts deficit fell in the third quarter of 2019 on an annual basis, provisional data the Central Bank of Cyprus has released on Monday, show.

In particular according to the provisional data for external statistics the current account in the third quarter of 2019 recorded a deficit of Euros 11.9 million, compared with a deficit of Euros 37.6 million in the third quarter of 2018.

At the same time, the international investment position of Cyprus in the third quarter this year recorded a drop, reaching a net liability position of Euros 24,869.3 million, compared with Euros 24,834.0 million in the previous quarter.

The external debt of Cyprus amounted to Euros 208,112.8 million in the third quarter of 2019, compared with Euros 208,114.5 million in the previous quarter of this year, the data show.

Source: Cyprus News Agency