News Local Cyprus' GDP grows by 3.7% in Q3

Cyprus’ GDP grows by 3.7% in Q3

GDP growth rate in real terms, during the third quarter of 2018, is estimated at 3.7% over the corresponding quarter of 2017, according to data released on Friday by the Statistical Service of Cyprus.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is also estimated at 3.7%.

The increase of the GDP growth rate is mainly attributed to the sectors: “Hotels and Restaurants”, “Retail and Wholesale Trade”, “Construction”, “Manufacturing”, “Transport and Storage”, “Professional, scientific and technical activities” and “Administrative and support service activities”.

Negative growth rate was recorded by the sector “Financial and Insurance Activities”.

(Cyprus News Agency)

Top Stories

Turkish rescue workers search for quake survivors; death toll rises to 27

  Turkish rescue workers searched through rubble for survivors on Saturday, as the death toll from a powerful earthquake that hit the Aegean Sea the...

New Covid restrictions possible next week, as numbers steadily high

  The government is looking into additional measures to stem the coronavirus surge over the last couple of weeks and according to Philenews, it's possible...

UK national missing since March

  UK national Nakita Yasmeen, 30, has been missing since March this year and authorities have launched yet another appeal for any information. She is thin,...

Man pays 22 thousand fine for trapping and killing dozens of ambelopoulia

  Α sixty three year old poacher in the Nicosia district was fined 22 thousand four hundred euro for illegally trapping and killing 68 songbirds...

26 covid patients at Famagusta General

  Twenty six patients suffering from coronavirus are currently being treated at the Famagusta General, the referral institution for covid-19, as the government is considering...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...