Cyprus Business Now: fiscal surplus, hotel investment, funds association

Cyprus posted a historically high surplus of €1.42 billion between January and November 2024, equivalent to 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service (Cystat).

This marks a significant rise compared to the €709.9 million surplus (2.3 per cent of GDP) recorded during the same period in 2023.

The surplus was achieved alongside a 6.7 per cent increase in total revenues, which rose by