Breaking news

Cyprus Fiscal Performance: Surplus And Revenue Upturn In H1 2025

by THEFUTURE.TEAM

August 29, 2025

Robust Revenue Growth Fuels Surplus

Cyprus has once again demonstrated fiscal resilience, recording a general government surplus of €840.6 million in the first seven months of 2025—equivalent to 2.4% of the nation’s GDP. While this figure is marginally lower than the €911.7 million surplus (2.7% of GDP) reported during the comparable period in 2024, it underscores a continued commitment to fiscal stability amid robust revenue generation.

Key Revenue Drivers And Trends

Total revenue for the period surged by €391.7 million or 4.8% year-on-year, climbing to €8.50 billion from €8.10 billion in the previous year. Income from taxes on income and wealth rose by 8.8%, reaching €2.03 billion, and social contributions increased 9.2% to €2.77 billion. Notably, property income nearly doubled to €113 million, while taxes on production and imports and net VAT revenue experienced modest gains.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Shifting Dynamics In Transfers And Expenditures

Despite the strong revenue performance, current transfers fell sharply by 18.3% and capital transfers declined by 54.2%, which reflects strategic repositioning in governmental expenditure. Overall spending rose by €462.8 million, or 6.4%, hitting €7.65 billion. Increases in employee compensation, social benefits, and intermediate consumption contributed to the expenditure growth, while interest payments saw only a minor uptick. Significant capital expenditure growth was observed, with a 22.3% rise culminating in €601.2 million, driven by higher gross capital formation and other capital outlays.

Subsector Performance And Broader Implications

Differentiated performance across government subsectors further delineates Cyprus’s fiscal landscape. The central government achieved a surplus of €126.5 million, local government posted a modest surplus of €8.9 million, and the social security funds delivered a robust surplus of €705.2 million. These results highlight the effective management of public finances and set a strong foundation for addressing both short-term fiscal challenges and long-term economic objectives.

Conclusion

The preliminary fiscal results for the first seven months of 2025 reflect a complex but positive fiscal narrative for Cyprus. With revenue streams expanding and targeted expenditure management, the country is poised to maintain its economic stability and continue its trajectory towards fiscal prudence. Investors and policy makers alike should monitor these trends as indicators of Cyprus’s broader economic health and strategic fiscal direction.

The Future Forbes Realty Global Properties

FinTech’s Dominance In MENA: Three Strategic Drivers Behind Unyielding VC Success

by THEFUTURE.TEAM

September 11, 2025

Despite facing tightening global liquidity and macroeconomic headwinds, the FinTech sector continues to assert its leadership in the MENA region. In the first half of 2025, FinTech emerged as the most resilient and appealing arena for venture capital investments, proving its worth as a catalyst for financial innovation and inclusion.

Addressing Structural Financial Gaps

In many parts of MENA, a significant proportion of the population remains underbanked and underserved by traditional financial institutions. FinTech companies are uniquely positioned to address these persistent challenges by bridging critical access gaps and driving financial inclusion. With the proliferation of payment apps, digital wallets, and micro-lending platforms, investors have witnessed firsthand how these solutions pave the way for scalable growth and eventual exits. Early-stage momentum in the region is underscored by a doubling of pre-seed deals year-over-year, reinforcing the sector’s capacity for rapid innovation and sustainable expansion.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Highly Scalable and Replicable Business Models

One of the key factors behind FinTech’s dominance is the inherent scalability of its business models. Once the necessary infrastructure and regulatory approvals are in place, these models have demonstrated robust performance across borders. The first half of 2025 saw a marked acceleration in deal activity, with payment solutions leading the charge with 28 deals in MENA—a significant increase over the previous year. Lending platforms, in particular, experienced a meteoric 500% year-over-year increase in funding, emerging as the fastest-growing subindustry. Such replicability makes FinTech an attractive proposition for investors seeking high-growth opportunities in diverse markets.

Supportive Regulatory And Government Backing

The strategic support offered by key government initiatives in the UAE and Saudi Arabia has been instrumental in propelling the FinTech sector forward. Progressive frameworks, such as the UAE’s open finance and digital asset directives, coupled with Saudi Arabia’s live-testing sandboxes, have materially lowered entry barriers for startups. These measures not only foster innovation but also streamline the path to commercialization. Consequently, the combined efforts of these regulatory bodies have enabled the UAE and Saudi Arabia to account for 86% of MENA’s total FinTech funding in H1 2025.

The resilience of FinTech in MENA is not merely a reflection of contemporary market trends—it signals a fundamental shift in the region’s economic fabric. With an unwavering commitment to addressing real financial challenges, scalable and replicable business practices, and robust regulatory support, FinTech is setting the benchmark for sustainable innovation. As capital markets become increasingly discerning, this sector stands out as a beacon of long-term growth and transformative impact.