Cyprus’ Public Debt Falls: An Economic Breakthrough?

by News Editor

March 28, 2025

As of December 31, 2024, Cyprus achieved a noteworthy decline in its public debt, now standing at €20.92 billion—a reduction from €22.18 billion at the close of 2023. This data is sourced from the latest fiscal report by the Republic of Cyprus. The report, presented to both the Finance Minister Makis Keravnos and the Council of Ministers, offers an in-depth analysis of fiscal operations over the year.

Exclusions And Clarifications

It’s essential to note that the total debt figures exclude intergovernmental borrowing, which increased from €10.73 billion in 2023 to €12.03 billion in 2024.

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Revenue And Expenditure Insights

Despite recording a deficit of €0.32 billion in 2024, improvements from a €0.45 billion deficit in 2023, Cyprus’ total revenues rose impressively to €9.57 billion from the previous year’s €8.72 billion. This increase was primarily driven by taxation, which contributed a significant 84%, equating to €8.06 billion of total revenues.

Personnel-related expenses and social benefits were among the largest expenditure categories, the latter also includes the government’s €0.77 billion contribution to the General Healthcare System (Gesy).

Social Impact And Transfers

Transfers, mainly involving grants and state contributions to various organizations, including EU-directed funds, accounted for €1.53 billion.

Overall, the financial report sheds light on a dynamic economic year for Cyprus—with significant implications for future fiscal strategies and economic health.

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Warner Bros Discovery Board Rejects Paramount’s $108.4 Billion Bid In Favor Of Netflix Deal

by THEFUTURE.TEAM

January 7, 2026

In a bold and definitive move, Warner Bros Discovery (WBD) has rejected Paramount Skydance’s revised $108.4 billion proposal, deeming the offer a high-risk leveraged buyout that would saddle the studio with an enormous $87 billion in debt.

Paramount’s Bid Under Scrutiny

In its letter to shareholders, WBD criticized the bid as structurally unsound, warning that the extraordinary debt requirements render the deal particularly precarious. The board’s unanimous rejection underscores a rigorous assessment of the financial implications, with WBD highlighting that Paramount, a company with a market capitalization of approximately $14 billion, is attempting an acquisition that demands financing nearly seven times its value.

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A Comparative Analysis: Netflix Versus Paramount

Rather than accept the risky leveraged structure of the Paramount proposal, WBD recommended shareholder support for its earlier cash-and-share transaction with Netflix. With a market capitalization approaching $400 billion, Netflix presents a more conventional and financially solid merger partner, bolstered by an investment-grade balance sheet, an A/A3 credit rating, and robust projected free cash flow of over $12 billion in 2026.

Potential Impact on Future Mergers

The rejection of the Paramount bid not only clarifies WBD’s strategic direction but also offers a broader insight into the evolving landscape of high-stakes media acquisitions. Paramount’s renewed offer, which included a $40 billion guarantee from CEO David Ellison’s father, Oracle co-founder Larry Ellison, and plans to raise $54 billion in debt financing, was met with skepticism regarding its feasibility and long-term impact on the company’s credit profile.

Strategic Implications for the Industry

WBD’s decision reflects an increasing emphasis on sustainable financial structures in blockbuster mergers. By favoring the Netflix deal, WBD signals a commitment to stability and long-term value creation, setting a benchmark for future transactions in the media and entertainment sector. This move is poised to influence negotiations and strategic planning for similar high-value deals, where the balance of risk and financial prudence remains paramount.

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