Cyprus public debt to GDP expected to fall to 50% by the end of the year.

Macro/Political:

In May 2025, the number of issued building permits in Greece amounted to 2,717 (31.6%, y-o-y). In the last twelve months from June 2024- May 2025, Total Building Activity (private public) in Greece recorded a 3.9% decrease in the number of issued building permits compared to the corresponding period of 2023-2024.
Source: ELSTAT

Macro/Political:

Finance Minister Makis Keravnos said after a Council of Ministers meeting yesterday that Cyprus’s public debt-to-GDP ratio is expected to fall close to 50% by the end of the year, well ahead of earlier targets that foresaw a drop below 60% by the end of 2026. According to Mr. Keravnos, the faster decline will free up additional economic potential to increase development spending and defence. He also underlined that Cyprus is no longer classified as a country with macroeconomic imbalances, citing improvements in external and private debt. Finally, he pointed to challenges, noting that Cyprus’s planned spending growth is projected at 6.8%, compared with the EU benchmark of 6%.
Source: CyprusMail