According to the revised data from CyStat, Cyprus growth for 2024 stood at 3.9%

Macro/Political:

• The Overall Turnover Index in Industry (both Domestic and Non-Domestic Market) in August 2025 recorded a decrease of 1% (y-o-y) and a decrease of 23.5% (m-o-m).
  Source: ELSTAT

• Euronext stated that it remains committed to transforming ATHEX into a financial gateway for Southern Europe but has ruled out raising its offer to acquire the Greek bourse. More specifically, Euronext Chief Executive Stephane Boujnah told reporters during a press conference in Athens, “If the offer is not successful, we will not complete it and will walk away.” Furthermore, Boujnah said the group has strong confidence in Greece’s economic trajectory and, if the tender offer succeeds, plans to enhance ATHEX’s appeal by encouraging Greek shipping companies listed abroad to return to the domestic market.
  Source: Reuters 

Markets:

• Piraeus Bank announced that it has entered into an agreement for the transfer of NPEs through securitization. The portfolio consists of corporate loans, including bond loans and other receivables, with a total gross book value of approximately EUR 0.3bn. The PnL impact from the transaction has already been incorporated into Piraeus Bank’s financial results for the 1H25, and the impact on  RWAs has also been reflected in the pro forma total capital ratio for the same period.
  Source: ATHEX

Macro/Political:

According to the revised data from CyStat, Cyprus’s GDP for the year 2024, in real terms, increased by 3.9% y-o-y compared to the previous estimate of 3.4%.
Source: CyStat