Government Surplus in Cyprus: April 2025 Analysis

by News Editor

May 30, 2025

Surplus Insights: January-April 2025

The General Government of Cyprus recorded a fiscal surplus of €646.8 million in the first four months of 2025, equating to 1.8% of GDP. This is a slight decrease compared to the €650.5 million surplus (1.9% of GDP) seen in the same timeframe in 2024, according to preliminary results from the Statistical Service.

Revenue Breakdown

Government revenues grew by €243 million (5.3%), reaching €4.826 billion in comparison to the previous year. Income and wealth tax revenues rose by €89.8 million (8.3%), totaling €1.171 billion. Meanwhile, social contributions increased by €135.7 million (9.4%), totaling €1.573 billion. Interest and dividend collections climbed to €84.7 million, marking an increase of €53.7 million.

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Service provisions saw an impressive growth, up by 24.1% to €369.7 million. Conversely, taxes on production and imports decreased slightly by €10.8 million, settling at €1.499 billion, with net VAT revenues falling by €23.6 million.

Expenditure Insights

Expenditures also saw a rise, up €246.6 million (6.3%) to a total of €4.179 billion. Personnel expenses, including social benefits, increased by €72 million (6%) to €1.272 billion. Social benefits expanded by €95.8 million (5.9%).

Capital accounts surged by 30% to €310.7 million. Within this, fixed capital investments grew by 18.7% to €251.7 million. On a lighter note, interest payments fell by €2.8 million, with subsidies also showing a decline.

For additional context on Cyprus’ economic landscape, refer to our coverage on how Cyprus Labor Market Strengthens in Q1 2025.

The Future Forbes Realty Global Properties

A New Twitter-Inspired Social Network Is Taking Shape

by News Editor

August 27, 2026

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

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Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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