Cyprus economy grows 0.9 percent in Q2
(MENAFN) Cyprus' economy recovered strongly in the second quarter of this year, registering a growth of 0.9 percent year-on-year, according to data by the country's statistical service.
The adjusted growth following an expansion of the economy by 0.5 percent in the first quarter of this year was a first positive trend after 11 consecutive years of recession.
Cyprus was pulled back from bankruptcy by the Eurogroup and the International Monetary Fund in March 2013, with a USD11 billion bailout.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.