Cyprus Current Account Deficit Narrows To €2.34 Billion In 2025

The Central Bank of Cyprus released preliminary external sector data for 2025, showing improvement in the current account, investment position, and external debt metrics.

Improved Current Account Balance

The current account deficit narrowed to €2.34 billion in 2025 from €2.85 billion in 2024. As a share of GDP, the deficit declined to 6.4% from 8.2%, indicating a reduction in external imbalances.

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Adjusted Impact Of Special Purpose Entities

Excluding special purpose entities classified as non-residents, the current account deficit stood at €2.68 billion in 2025, compared to €2.34 billion in 2024. On this basis, the deficit reached 7.4% of GDP, down from 8.4% a year earlier.

Strengthened International Investment Position

The net international investment position improved, with net liabilities decreasing to €28.17 billion from €29.24 billion in 2024. Adjusted figures excluding SPEs show a decline to €8.93 billion from €10.62 billion.

Declining External Debt Levels

Gross external debt fell to €225.19 billion in 2025 from €234.41 billion in 2024. External assets in debt instruments increased slightly to €223.62 billion from €222.74 billion. As a result, net external debt declined by €10.11 billion to €1.57 billion. When adjusted for SPEs, gross external debt reached €59.18 billion versus €59.87 billion in 2024, while net external debt shifted further into surplus at -€30.95 billion compared to -€23.91 billion.

Conclusion

The data show an overall improvement in Cyprus’ external position across key indicators. Changes in the current account, investment position, and debt levels reflect a more balanced external profile compared to 2024.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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