Independent Balkan News Agency

Cyprus current account records deficit in Q2 of 2016

Cyprus current account records deficit in Q2 of 2016
Nicosia, October 7, 2016/Independent Balkan News Agency

Cyprus current account deteriorated in the second quarter of 2016, as it recorded a deficit of €456.8 million compared to a surplus of €69.6 million in the same quarter of 2015, according to the latest provisional balance of payments data of the Central Bank of Cyprus.

The international investment position of Cyprus recorded a small improvement in the second quarter of the year, reaching a net liability position of €21.489 million compared with €21.604 million in the first quarter.

The external debt of Cyprus amounted to €96.549 million in the second quarter of 2016, compared to €98.049 million in the previous quarter.

Source: Cyprus News Agency

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