Government Employment Trends In Cyprus: Measured Growth Amid Contract Realignments

by THEFUTURE.TEAM

September 11, 2025

Overview Of Steady Growth And Sector Shifts

In August 2025, total government employment in Cyprus reached 52,661 personnel, recording a modest increase of 209 employees, or 0.4 percent, compared with the previous year. This nuanced change reflects a broader trend within the public sector, highlighting varied performance across key departments including the civil service, educational service, and security forces.

Sector Specific Dynamics

The educational service emerged as a bright spot, experiencing a robust 5 percent growth during the period. This growth stands in stark contrast with the civil service, which saw a 0.9 percent decline, and the security forces, where employment fell sharply by 2.4 percent. These changes underscore how individual sectors face differing pressures and opportunities, driven by policy adjustments and operational needs.

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Contractual Trends And Their Implications

A closer examination of contract types reveals significant shifts. Notably, positions under contracts of definite duration increased by 8.3 percent overall, with the educational sector witnessing a striking 20.4 percent jump. In contrast, roles secured under contracts of indefinite duration declined by 6.3 percent, offering insights into evolving government hiring practices. In the security forces, definite-duration contracts plunged by 70.6 percent—a change driven primarily by the non-renewal and completion of specific contracts in July 2025.

Longer Term Trends And Public Sector Composition

From January to August 2025, the average total government employment also experienced modest growth, rising by 0.8 percent compared to the same period in 2024. The government workforce is broadly categorized into staff from the civil service, educational service, and security forces, with each segment employing a mix of permanent staff, employees with either definite or indefinite duration contracts, and hourly workers including regular, casual, and seasonal staff.

Conclusion

The measured increases and sector-specific variations in employment figures signal a period of adjustment within the Cypriot government workforce. The divergent trends between contract types and across departments reveal a strategic recalibration that policy makers and analysts will be watching closely as they shape the future of public sector employment.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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