Cypress Economy Maintains Steady 3% Growth in First Quarter of 2026
May 14, 2026
The Cypriot economy continues to show strong growth, achieving a rate of 3% in the first quarter of 2026. Despite geopolitical tensions and the impact of the war in Iran, Cyprus's growth surpasses the average of the Eurozone and the EU. Key sectors contributing to this growth include trade, technology, and financial activities. The Ministry of Finance forecasts an overall growth rate of 2.7% for 2026, indicating a positive trajectory. However, the tourism sector has faced significant challenges due to cancellations.