Cyprus investment position deteriorates — external debt rises by €1.5bn

Cyprus’ current account deficit widened and its international investment position deteriorated during the first quarter of 2026, according to preliminary external sector data released on Tuesday by the Central Bank of Cyprus (CBC), which also showed that external debt increased by approximately €1.5 billion.

The current account deficit expanded to €1.27 billion in the first quarter of 2026, compared with €1.01 billion in the corresponding period of 2025, representing a deterioration of €263...