Cyprus current account records deficit in Q2 of 2016

Cyprus current account deteriorated in the second quarter of 2016, as it recorded a deficit of Euros 456.8 million compared to a surplus of Euros 69.6 million in the same quarter of 2015, according to the latest provisional balance of payments data of the Central Bank of Cyprus.

The international investment position of Cyprus recorded a small improvement in the second quarter of the year, reaching a net liability position of Euros 21.489 million compared with Euros 21.604 million in the first quarter.

The external debt of Cyprus amounted to Euros 96.549 million in the second quarter of 2016, compared to Euros 98.049 million in the previous quarter.

Source: Cyprus News Agency