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Cyprus Economy: Assessing The €566.9 Million Surplus In January 2025

by News Editor

March 11, 2025

Cyprus has kicked off 2025 on a high note, recording a general government surplus of €566.9 million, equivalent to 1.6% of GDP, as per CySTAT’s preliminary fiscal results.

Compared to January 2024, which saw a surplus of €476.5 million (1.4% of GDP), this year marks a significant improvement. Revenue rose by €194.3 million, a 14.3% increase from 2024’s €1,360.6 million.

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Key Revenue Increasers

Taxes on production and imports grew by 11.3%, reaching €396.3 million. Notably, VAT netted €249.7 million, a 3.5% hike.

Income-related taxes added €52.2 million, totaling €592.7 million. Worried about property income scarcity? Good news: it soared by 37.4% to €10.3 million.

Assessment Of Expenditures

Expenditure in January 2025 rose to €988.0 million, up by 11.8% from 2024. Employee compensations witnessed a substantial increase, rising by €28.4 million. Social benefits followed suit, augmenting by €49.6 million.

While capital transfers saw a notable slump, the capital account experienced a healthy boost of 29.8%, reaching €31.6 million.

For those intrigued by Cyprus’ financial journey, comparing this growth to different economic metrics, such as Euro Area’s revised growth forecast, can provide deeper insights.

It’s worth mentioning that data absences have resulted in estimates being made for the Local Government Subsector. As Cyprus continues to navigate its financial landscape, these surpluses reflect a nation steadily poised for growth.

The Future Forbes Realty Global Properties

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

by THEFUTURE.TEAM

January 26, 2026

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

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Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.