Cyprus Celebrates Positive Economic Outlook
Cyprus is basking in a wave of optimism as Morningstar DBRS upgrades its credit rating to BBB (high), signaling a brighter economic future. With plans to cut public debt from 99.3% of GDP in 2021 to 64.2% by 2025, the government is focusing on sustainable growth and fiscal surpluses through increased revenue and strategic investments in green and digital sectors.