Cyprus Business Now

The Cyprus government’s surplus surged to €424.5 million in the January-June period, representing 1.3 per cent of GDP, compared to €62 million and 0.2 per cent of GDP during the same period in 2023, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat).

According to the report, total revenue for the first half of 2024 increased by €800.1m, marking a 14.5 per cent rise to €6.31 billion, up from €5.51 billion in the corresponding period last year.

Notably...