Cyprus Business Now: GDP forecast, unemployment, minimum wage, Gulf ties, CITEA

The Central Bank of Cyprus (CBC) on Friday reported that Cyprus’ GDP growth rate is expected to decelerate to 3.5 per cent in 2025, compared with 3.9 per cent in 2024, while remaining robust in the medium term.

Moreover, the CBC forecast that GDP will grow by around 3 per cent per year during the period 2026 to 2028, reflecting sustained economic momentum.

CBC governor Christodoulos Patsalides said the momentum