Cyprus economy gathers momentum

Cyprus economy expanded by 3.3% year on year on seasonally adjusted data, marking the highest quarterly growth since the financial crisis of 2013, according to a flash estimate released yesterday by Cystat, Cyprus’ statistical service. Cyprus has been posting growth rate for eight consecutive quarters. In a written statement Cyprus President Nicos Anastasiades expressed his satisfaction over the data because through the collective effort and sacrifices of our people we achieve the gradual restoration of the full recovery and the success of our goals.” Eurostat data published yesterday also show that Cyprus recorded Euros 1.2 billion trade deficit in the first quarter 2017,

Source: Cyprus News Agency