Cyprus records strong economic growth in the first half of 2026

Cypriot Finance Minister Makis Keravnos announced that the national economy maintained a strong growth trajectory during the first half of 2026. Official data from the Statistical Service of Cyprus and Eurostat indicates that real GDP grew by 3.3%, significantly outpacing the 1% growth rate recorded across the eurozone. This performance occurs within a challenging international and European economic landscape.

According to Minister Keravnos, the expansion was driven by contributions from the wholesale and retail trade sectors, information and communication technology, and financial services. The Minister emphasized that the government remains committed to its current prudent fiscal policy, asserting that such measures strengthen the reliability and resilience of the country's economic system. He characterized the growth rate as more than triple the European average, highlighting Cyprus's relative stability compared to other European economies that are experiencing stagnation.

The government intends to continue this fiscal approach to ensure that the benefits of national development are distributed among citizens. No further policy shifts or upcoming legislative actions were mentioned in the reports, as the current focus remains on maintaining the observed positive momentum through consistent fiscal management.