News Local Economy grows by 3.6% in third quarter of 2018

Economy grows by 3.6% in third quarter of 2018

The GDP growth rate in real terms during the third quarter of 2018 is positive and is estimated at 3.6% over the corresponding quarter of 2017, the Statistical Service of Cyprus reported on Wednesday.

According to the flash estimate compiled by Cystat, based on seasonally and working day adjusted data, GDP growth rate in real terms is also estimated at 3.6%.

The increase of the GDP growth rate is mainly attributed to the sectors of the hotels and restaurants, retail and wholesale trade, construction, manufacturing, transport and storage, professional, scientific and technical activities and administrative and support service activities.

The sector of financial and insurance activities saw a negative growth rate.

(Cyprus News Agency)

Read more:

https://in-cyprus.com/news/local/eu-forecast-cypriot-economy-to-continue-growing-uk-the-smallest-growth-in-eu/

Top Stories

Student gambling in Cyprus on the rise

An increase in the number of young people gambling has been recorded in the European Drug Report 2020 presented on Tuesday by the Cyprus...

Cyprus marks highest rate of registered first-time asylum applicants

The highest rate of registered first-time asylum applicants during the second quarter of 2020 was observed in Cyprus, according to Eurostat. The latest data, released...

Additional two new coronavirus cases added to Tuesday’s 15

The Ministry of Health has announced two additional positive covid-19 cases to Tuesday's total of 15, Philenews reported on Wednesday. One case concerns a football...

World becoming less tolerant of migrants – Gallup poll

The world is becoming less tolerant of migrants, according to a poll released on Wednesday as Europe prepared to unveil a new asylum plan...

Nicosia Central Prisons part of Netflix jail series

Nicosia Central Prisons will be included in a new documentary series by Netflix platform focusing on inter-workings in jails worldwide, according to Philenews. The American...

Taste

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...

Meatballs with tomato and cumin

Place all meatball ingredients in a bowl and knead well with hands. Keep the mixture in the fridge for approximately 1 hour to thicken. In...

Crushed wheat pilaf with sausages and halloumi

Ingredients: 1 cup bulgar wheat ¼ of the cup vermicelli noodles or spaghetti, broken into small pieces 1 onion 2 sausages 1 cup tomato juice 1 vegetable stock cube 1/3 ts...