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CNA - DBRS upgrades Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings to BB
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CNA - Cypriot economy grew by 3.8% of GDP in the first quarter of 2018




CNA - CYPRUS/Nicosia
Cyprus growth rate in the first quarter of 2018 ending in March 31 reached 3.8% year on year, maintaining the momentum from 2017 where growth rate amounted to 3.9%, date released by the Cyprus Statistical Service (Cystat) show.

The Cypriot GDP growth for the first half is in line with the medium-term projections issued by the Finance Ministry over a 3.8% growth rate throughout the year.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3.8%, Cystat added.

The growth rate is mainly attributed to the sectors: "Hotels and Restaurants", "Retail and Wholesale Trade", "Construction", "Manufacturing", "Professional, scientific and technical activities" and "Administrative and support service activities,” Cystat said.

CNA/GS/GV/2018
ENDS, CYPRUS NEWS AGENCY

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Cyprus News Agency, 21 Academias Avenue, 2107 Aglantzia, Nicosia
Tel. 22556000, Fax. 22556100, email:news@cna.org.cy, website: www.cna.org.cy



Agency : CNA

Date : 2018-05-16 08:39:52







 

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