The international investment position of Cyprus recorded a small improvement in 2016 Q2, reaching a net liability position of €21.489 million compared with €21.604 million in 2016 Q1.
According to the latest provisional balance of payments data, released by the Central Bank of Cyprus, the current account deteriorated in 2016 Q2, as it recorded a deficit of €456.8 million compared with a surplus of €69.6 million in 2015 Q2.
The external debt of Cyprus amounted to €96.549 million in 2016 Q2 compared with €98.049 million in 2016 Q1.
Source: InCyprus
Related Articles
See all articles
Article | 13 January 2025
Cyprus-China Relations: A Strategic Partnership Rooted in Mutual Benefit
Cyprus and China enjoy a strong relationship built on mutual trust, respect, and shared values, despite the vast geographical distance between them. Over the decades, their ties have deepened across a spectrum of areas, including political, economic, cultural, and educational cooperation. A testament to this robust bond was the establishment of a strategic partnership in 2021, marking the 50th anniversary of their diplomatic relations.
Read full article
