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The CBC projects Cyprus’s economy to grow by 3.1% in 2025.

Local Eye

Jul. 22, 2025

GREECE

Macro/Political: 

  • In May 2025, the current account registered a small surplus improving by EUR 2.5 bn (y-o-y) and stood at EUR 196.5mn due to an improvement mainly in the balance of goods. In January-May 2025, the current account deficit decreased by EUR 2.1bn year-on-year and stood at EUR 6.4bn.
    Source: Bank of Greece

Markets:

  • Metlen announced that has signed a 15-year Power Purchase Agreement with Copec EMOAC, for the supply of renewable electricity from four solar plants in METLENs Chilean portfolio. A total annual energy supply of 450 GWh, with delivery starting in 2Q26, is covered by the agreement. The energy will be supported by 322 MW of Battery Energy Storage Systems from METLENs own portfolio.
    Source: ATHEX

CYPRUS

Macro/Political: 

  • The Central Bank of Cyprus (CBC), in its June economic bulletin, noted that Cyprus’ economy continues to demonstrate significant resilience and adaptability. The CBC revised its forecast for the country’s growth rate in 2025 to 3.1%, slightly down from 3.2% projected in the March macroeconomic outlook. For 2026–2027, growth is expected to average 3% annually, with private consumption as the primary driver. Unemployment is projected to remain stable at 4.7% between 2025 and 2027, while inflation is expected to decline to 1.5% in 2025, before rising to 2% in 2026 and 2.5% in 2027. The debt-to-GDP ratio is forecast to fall to 57% in 2025 and 52.6% in 2026.
    Source: CBC
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