Cyprus On Track For Robust Economic Growth: New Projections Reveal Positive Trends

by News Editor

March 27, 2025

In a significant update, credit rating agency Morningstar DBRS has revised its economic projections for Cyprus, showcasing a notably positive outlook for the nation’s economy.As per the latest forecasts, Cyprus is poised for a stronger economic trajectory, with the agency enhancing its 2025 GDP growth expectations by 0.3 percentage points, now anticipating a total expansion of 3.1%.

The unemployment figures also indicate good news, with predictions of a reduction to 4.9% in 2025—a 0.2 percentage point improvement from December’s forecast. This trend is expected to carry into 2026, maintaining a 4.9% rate.

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Compared to other European countries, Cyprus is projected to outpace the average growth rate, joining the ranks of nations like Denmark, Spain, and Malta in swift economic progression. The surge is attributed to robust net export growth, favorable domestic investment conditions, and increasing consumer demand. These are encouraging signs for anyone considering investing in Cyprus, especially with its reopened digital nomad visa applications.

Recent upgrades in Cyprus’ credit rating—from BBB (high) to A (low) with a positive outlook—underscore the resilience and potential of its economy. Key factors include significant debt reduction, with public debt expected to decline from 96.5% of GDP in 2021 to 56.7% by 2026, supported by strong economic growth and fiscal surpluses.

However, future improvements depend on sustained debt reduction and resilience against geopolitical and fiscal challenges. A potential downgrade might occur if public debt or banking liabilities rise sharply.

These forecasts highlight the optimistic economic atmosphere in Cyprus, making it an attractive spot for potential investments and financial activities.

The Future Forbes Realty Global Properties

The Rocks Project Advances Through Licensing Process In Pentakomo

by THEFUTURE.TEAM

June 5, 2026

Overview Of The Ambitious Development

A large tourism development in Pentakomo is moving through the licensing process. Known as The Rocks Project, the proposal includes a hotel, villas, apartments and a beach club along the coast east of Limassol.

Strategic Location And Broader Impact

Located along the coastal corridor between Limassol and Zygi, the project would form part of the wider Governor’s Beach area. The site is situated near several state and energy infrastructure facilities, including the Evangelos Florakis Naval Base in Mari, making it subject to additional planning and regulatory considerations.

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Master Plan And Key Infrastructure

Situated within the administrative boundaries of Pentakomo, the development is planned for the coastal area of Argaki Tou Mavrou. The project is being promoted by DRL5COMOS Properties Ltd and is supported by an environmental impact assessment prepared by P. Nikolaidis & Associates Ltd. The assessment is available for public consultation until July 3, 2026.

According to the master plan, operations are expected to begin in 2029. Plans include a 14,000-square-metre hotel with 126 rooms, a 900-square-metre spa and wellness centre, restaurants and dining facilities, 26 villas, 73 apartments and penthouses, and a 1,050-square-metre beach club with indoor and outdoor leisure areas. Parking facilities for 240 vehicles are also included in the proposal.

Integration With The Existing Landscape

The development plan allocates 12% of the site to public green space and includes an internal road network. Project documents indicate that several existing structures, including the Kalymnos Fish Tavern and current beach facilities, would be demolished as part of the redevelopment.

Regulatory And Institutional Considerations

The licensing process is ongoing and includes consultations with relevant local and government authorities. Comments submitted by the Ministry of Defence have not been made public due to the site’s proximity to the naval base. Those observations are expected to be reviewed by the environmental impact assessment committee during closed sessions.

Conclusion

With its carefully structured vision and strategic positioning, The Rocks Project promises to be a significant catalyst for economic and social growth in eastern Limassol. As it advances through the regulatory process, stakeholders remain focused on ensuring that this landmark development meets the highest standards of design, sustainability, and community integration.

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