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Cyprus Economy Set For 3.4% Growth In 2024: Key Sectors Driving Prosperity

by News Editor

March 4, 2025

According to the latest figures from the Statistical Service, the Cyprus economy is projected to grow by 3.4% in real terms in 2024. When considering current price estimates, the Gross Domestic Product (GDP) is expected to expand by 6.6%.

Leading Sectors Fueling Growth

The primary sectors driving this impressive growth include:

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Hotels and Restaurants
Information and Communication
Construction
Wholesale and Retail Trade, Vehicle Repair

These sectors have been vital in maintaining a robust economic trajectory despite various challenges.

Notable 2.6% Growth In Q4 2024

In the fourth quarter of 2024, the growth rate reached 2.6% compared to the same period in 2023. Adjusting for seasonal variations and workdays, growth stands at 2.9%.

Sectors Contributing To Q4 Growth

The continued expansion during the last quarter was mainly due to:

Hotels and Restaurants
Wholesale and Retail Trade
Information and Communication

It is important to note that the Construction sector faced a downturn during this period.

The overall expected 3.4% growth for 2024 reinforces a positive outlook for the Cyprus economy, highlighting its resilience and capacity to adapt in a dynamic global landscape. For further insights on this economic outlook, consider reading about how Cyprus inflation trends are shaping the financial landscape.

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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.