Cyprus Business Now

Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year.

According to a report released on Friday from the Cyprus Statistical Service (Cystat), the total general government debt was recorded at €22.81 billion at the end of June, a reduction from the previous figure of €23.04 billion at the end of March.

Consequently, this decrease of €1.6 billion, corresponding to a drop of 6.8 per cent, compared to June 2023...