Cyprus defies euro area trend with significant public debt decrease

Cyprus achieved one of the largest reductions in government debt across the European Union during the third quarter of 2025, according to data released by Eurostat this week.

The general government gross debt to GDP ratio in Cyprus fell by 6.1 percentage points compared with the same period in 2024, marking the third-largest decrease in the entire bloc.

This downward trend in Cyprus occurred as the broader euro area saw its debt-to-GDP ratio increase to 88.5 per cent, up from...