Cyprus Business Now: GDP growth, BoC, surplus, tourism revenue, exit scheme

Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service.

This marks a sharp increase from the €631.5 million surplus recorded in 2023, which accounted for 2 per cent of GDP.

Total government revenue for the year reached €14.83 billion, reflecting an increase of €1.07 billion, or 7.8 per cent, compared