Minister of Finance Makis Keravnos has said that the impetus of the Cypriot economy is confirmed by the preliminary estimate of the Statistical Service published on Friday about a growth rate of 3.6% in the 3rd quarter of 2025, compared to the corresponding quarter of 2024, and 0.9% compared to the previous quarter.

In a written statement on Friday, the Minister expresses satisfaction saying that “these figures confirm the impetus of the Cypriot economy, which in a period of increased uncertainty, mainly due to geopolitical developments, continues to record high growth rates, in combination with zero inflation and full employment conditions.”

Referring to data from the European Statistical Office (Eurostat), the Minister of Finance says that Cyprus’ growth rate of 3.6% for the 3rd quarter of 2025 is significantly higher than the European average, which is 1.4% and 1.6%, in the Eurozone and the EU, respectively.

He notes that for the first nine months of 2025 the economic growth rate is estimated at 3.5%, which compares positively with the forecast of the Ministry of Finance for 2025, that was conservatively estimated at 3.2%.

Concluding, the Minister notes that “the maintenance of a prudent and disciplined fiscal policy and economic management by the Government, in combination with the implementation of the National Recovery and Resilience Plan, will contribute to the resilience of the Cypriot economy so that Cyprus, as a small and open economy, continues to record high growth rates.”