Local
articles | 10 October 2016

Cyprus investment position improves

The international investment position of Cyprus recorded a small improvement in 2016 Q2, according to recent data from the island's Central Bank.

The international investment position of Cyprus recorded a small improvement in 2016 Q2, reaching a net liability position of €21.489 million compared with €21.604 million in 2016 Q1.

According to the latest provisional balance of payments data, released by the Central Bank of Cyprus, the current account deteriorated in 2016 Q2, as it recorded a deficit of €456.8 million compared with a surplus of €69.6 million in 2015 Q2.

The external debt of Cyprus amounted to €96.549 million in 2016 Q2 compared with €98.049 million in 2016 Q1.

Source: InCyprus

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