As a result of the government's responsible fiscal policy, the President of the Republic, Nikos Christodoulides, presents the European Commission's spring forecasts for Cyprus, according to which the country is expected to record one of the highest growth rates in the European Union in 2026.
In a post on the "X" platform, President Christodoulidis states that the Commission's forecasts are already confirmed by the first real numbers of the year. As he notes, preliminary estimates for the first quarter of 2026 rank Cyprus at the top of the EU, with a growth rate of 3.0%.
The President of the Republic also points out that Cyprus achieves a significant fiscal lead, as it emerges first among the EU Member States in terms of the projected budget surplus. According to the data cited, the surplus is estimated at 2.1% of GDP for 2026.
At the same time, the President underlines that public debt continues to follow a steady downward trend, with a forecast to decrease to 50.4% in 2026, while unemployment is expected to fall to 4.2%, recording a historic low.
"All this is the result of our responsible and prudent fiscal policy," says Nikos Christodoulides, adding that fiscal responsibility translates into the possibility of substantial and targeted support for households and businesses.
The President of the Republic also notes that this policy allows the strengthening of investments in the fields of Education, Health and the Welfare State, while supporting the transition of Cyprus to a more modern, sustainable and developmental model.
"Above all, Cyprus", concludes President Christodoulides in his post.
