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Cyprus reported a 3.8 percent economic growth rate for 2025, with real GDP reaching €30.5 billion. The country also recorded the lowest inflation in the eurozone, with prices remaining flat. Despite these positive indicators, new lending saw a sharp decline, and the domestic IT sector is advocating for reforms to enhance competitiveness. The government has cautioned that the duration of the ongoing Middle East crisis will be a defining factor for future economic fallout in Cyprus.
In international relations, President Donald Trump stated he would cut off all trade with Spain. This threat was issued following Spain's refusal to grant the United States access to joint military bases for a potential war with Iran. Trump described the proposed trade cutoff as a retaliation for Spain's decision.
2 topics | 192 sources
Cyprus's economy grew by 3.8 percent in 2025, with real GDP reaching €30.5 billion. The country also recorded the lowest inflation in the eurozone, with prices staying flat. However, new lending dropped sharply, and the IT sector is calling for reforms to boost competitiveness. The government warns that the duration of the Middle East crisis will define the economic fallout for Cyprus.
5 topics | 187 sources
Mar 3 — Mar 12
Trump says he will cut off all trade with Spain over military base disputeTrump said he will cut off all trade with Spain. The threat came after Spain would not let the United States use joint military bases for a war with Iran. Trump made the statement in response to Spain refusing access to the bases. He described the action as a retaliation for the refusal.
Mar 2 — Mar 3
Mar 23