Cyprus records third largest drop in EU public debt, says president

Cyprus has recorded the third largest reduction in public debt in the European Union, with levels well below both the EU and Eurozone averages, President Nikos Christodoulides said in a post on X on Tuesday.

He said that, given debt is already at low levels, it is particularly significant that the downward trend continues, with an annual reduction of 6.1 percentage points.

“This is a clear indication of resilience and responsible economic planning. The course of the Cypriot...