Overseas property
Articles
Article snippet
Tranio logo

Cypriot economy will recover in 2021

17 views · Updated on
Cyprus
Radovan Zierik / pexels

According to in-Cyprus, the Minister of Finance Constantinos Petrides reports that Cyprus will be able to restore economic and employment facilities to positive indicators that existed before the pandemic. The National Recovery and Resilience Plan includes significant reforms and investments. It is indicated in a written statement on GDP growth rates in the second quarter of this year.

According to preliminary estimates by the Cyprus Statistical Office, the economy grew more than 12 % in the second quarter of this year, which is significantly better than expected.

The fields and activities such as hotels and restaurants, tourism, communications, wholesale and retail trade, entertainment, and arts have a positive impact on the development of the economy.

Share the article

Subscribe not to miss new articles

We will send you a content digest not more than once a week

Subscribe
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.

    Done!

    Tranio’s managers offer advice on buying real estate in Cyprus
    Elena Efimova
    Elena Efimova
    Real Estate Expert
    +44 17 4822 0039
    Send a request
      I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
      • 0% commission to Tranio
      • Residence permit support
      • Mortgage rates from 4.7%