Cyprus Reports €1.61 Billion Government Surplus in First Nine Months of 2026

Cyprus recorded a general government surplus of €1.61 billion, equivalent to 4% of GDP, during the first nine months of 2026. This marks an increase from the €1.17 billion (3% of GDP) reported in the same period last year. The improvement in government finances was driven by a 6.5% rise in revenue, supported by stronger income tax receipts, social contributions, and VAT. The country's expanding technology, financial, and professional services industries have contributed to broadening its economic base, attracting international businesses, skilled workers, and investment.