Moody’s Investors Service upgraded Cyprus’s sovereign credit rating by two notches to B1 on Friday 13 November and placed it on stable outlook, citing the faster than expected economic recovery and the outperformance of fiscal targets. The new rating came on the day international creditors completed the last review of Cyprus’s adjustment programme. “The first...Read More

Cyprus` economy recorded a growth rate of 2.2% in the 3rd quarter of 2015, according to a flash estimate by the Statistical Service of Cyprus. This is the third consecutive quarter of growth after 14 quarters of recession since the third quarter of 2011. GDP growth rate in real terms during the third quarter of...Read More