Cyprus Business Now: GDP estimate, bank ratings, building permits, Wizz Air

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year.

According to a report released on Friday by the state’s statistical service, this growth was driven largely by the hospitality, wholesale and retail, motor vehicle repair, and information and communication sectors.

However, a decline in construction slightly reduced the overall