Cyprus' International Investment Position Weakens in Q1 2026, External Debt Rises

July 1, 2026

Preliminary data from the Central Bank of Cyprus indicates a deterioration in Cyprus' international investment position during the first quarter of 2026. The country's external debt increased by approximately €1.5 billion, and the current account deficit grew by €263 million. This decline was primarily driven by a larger secondary income deficit and reduced net exports of services, particularly in financial and ICT sectors.