Cyprus is celebrating the earning of its third credit rating upgrade within a month. Standard & Poor’s (S&P) has upgraded Cyprus’s long-term credit rating to A-, reflecting stable prospects and balanced
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Credit rating agency Fitch has upgraded Cyprus’ credit rating from BBB+ to A-, marking the second upgrade in three weeks. Fitch attributed this positive change to Cyprus’ rapid reduction in
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Cyprus’ trade deficit shrank by 17.4% in January–September 2024, falling to €5.6 billion from €6.8 billion in the same period of 2023, driven by declines in both imports and exports,
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