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Cyprus economy grows 0.9 percent in Q2
(MENAFN) Cyprus' economy recovered strongly in the second quarter of this year, registering a growth of 0.9 percent year-on-year, according to data by the country's statistical service.
The adjusted growth following an expansion of the economy by 0.5 percent in the first quarter of this year was a first positive trend after 11 consecutive years of recession.
Cyprus was pulled back from bankruptcy by the Eurogroup and the International Monetary Fund in March 2013, with a USD11 billion bailout.
The adjusted growth following an expansion of the economy by 0.5 percent in the first quarter of this year was a first positive trend after 11 consecutive years of recession.
Cyprus was pulled back from bankruptcy by the Eurogroup and the International Monetary Fund in March 2013, with a USD11 billion bailout.
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