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    29 December 2017

    Q3 2017 current account surplus seen at €321m

    Q3 2017 current account surplus seen at €321m

    The island generated a €321m current account surplus in July to September 2017 against a €405.9m surplus in the respective quarter of 2016 and a €7.4m deficit in the quarter before, the Central Bank of Cyprus said.

    “The international investment position of Cyprus in the third quarter of 2017 improved, reaching a net liability position of €22.7bn, compared with €23.6bn the previous quarter,” the central bank said on Friday in a statement on its website.

    The island’s external debt in the third quarter of the year was €107.3bn, down from €108.8bn in April to June, the bank supervisor said.

    Source: Cyprus Mail

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