The preliminary estimate of 3% growth in the first quarter of 2026, the highest in the European Union, confirms the resilience and momentum of the Cyprus economy, President of the Republic, Nikos Christodoulides, said in a written statement on Wednesday.
As he noted, at a time of geopolitical uncertainty, with the European average growth rate moving at “significantly lower levels”, Cyprus continues to grow at rates that “significantly exceed the European average”.
The President said the performance demonstrates the “resilience and positive prospects” of the Cyprus economy, as a result of “responsible economic policy, consistency and fiscal stability”.
He added that the latest announcement is not “an isolated statistical figure”, but comes in addition to the “30 positive assessments of the Cyprus economy by all major international rating agencies”, which, he said, constitute “a strong vote of confidence” in the country’s economic course.
Christodoulides also noted that the announcement sends “a clear message that Cyprus is at the forefront of growth in the EU”, with an economy that is “stable, reliable and capable of creating opportunities for businesses, employees and society”.
He further noted that this outlook allows the government to invest “substantially in Health, Education, Housing and the Welfare State”.
“With a specific plan and on the basis of Social Liberalism, we continue to transform economic stability into social security, growth into new opportunities and the country’s international credibility into greater resilience and prospects,” the President concluded.
