The Cypriot economy grew 0.7% in the second quarter compared to the previous three-month period, Cystat said in a statement on its website on Thursday.
In January to March, the economy grew an annual 2.6% and a quarterly 1%, according to Cystat.
Growth received a boost from hotels and restaurants, professional, scientific and technical activities, retail and wholesale trade, manufacturing, construction, and transport, Cystat said. Output from intermediary financial organisations, media and communication and the primary sector.
Source: Cyprus Mail
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
Read Georg Bühler's Insight
