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Turnover Value Index in Cyprus Highlights Robust Service and Transport Growth

by THEFUTURE.TEAM

June 6, 2025

Overview of Q1 2025 Market Trends

The Cyprus State Statistical Service has released compelling data that underscores significant upward momentum in the services and transport sectors during the first quarter of 2025 compared to the same period in 2024. This robust performance is underscored by noteworthy gains across several key industry segments.

Administrative and Support Services Surge

Administrative and support service activities led the charge with a substantial 10.6 percent increase in turnover value. This impressive growth reflects a broader trend towards enhanced operational efficiency and business support functions across commercial enterprises.

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Strong Gains in Hospitality and Transportation

In the hospitality sector, accommodation and food service activities increased by 9.4 percent, while the transport and storage sectors grew by 6.7 percent. These increases highlight the sectors’ adaptability and response to evolving consumer demands and logistical challenges.

Digital and Real Estate Advancements

Information and communication activities experienced a 5.4 percent uptick, signaling ongoing digital transformation efforts that are reshaping business operations. Concurrently, real estate activities registered a 3.2 percent increase in turnover, providing a stabilizing factor amid a shifting economic landscape.

Notable Decline in Technical Expertise

In contrast, professional, scientific, and technical activities experienced a slight decline of 0.1 percent. This marginal downturn suggests an area that may require strategic reassessment to reinvigorate performance.

Overall, the turnover value index, which captures total invoiced sales within these dynamic sectors, provides a picture of an evolving economy. The data underscores both the potential and the challenges that lie ahead, providing key insights for stakeholders across Cyprus’s business landscape.

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EU Invests €79 Billion In Environmental Protection As Companies Lead Spending

European Union member states invested €79 billion in environmental protection assets in 2025, according to Eurostat, reflecting continued spending on infrastructure aimed at reducing environmental impacts and managing natural resources.

The investment represented 0.4% of the EU’s gross domestic product and 1.9% of total investment across the economy.

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Wastewater Treatment Receives The Largest Share

Wastewater treatment attracted the largest share of environmental protection investment, accounting for 37.7% of total spending. Waste management followed with 27.3%, while air and climate protection projects represented 11.2%.

Companies Lead Environmental Investment

Businesses accounted for €49.6 billion, or 62.7%, of total environmental protection investment. Spending focused on specialised technologies and equipment designed to reduce the environmental impact of production processes.

These investments included equipment to reduce air emissions, the construction and maintenance of wastewater treatment facilities, vehicles used for waste transport, and waste collection plants. Companies also invested in land for natural reserves and biodiversity protection.

Public Sector Provides The Remaining Investment

General government and non-profit institutions accounted for the remaining 37.3% of environmental protection investment.

Eurostat’s figures show that wastewater treatment, waste management and air and climate protection accounted for the largest share of environmental protection investment across the European Union in 2025.