Electric And Hybrid Vehicles Strengthen Cyprus’ Automotive Market In 2025

by THEFUTURE.TEAM

November 11, 2025

According to recent data released by Cystat, Cyprus witnessed a robust 4.2 percent increase in total motor vehicle registrations during the first ten months of 2025, climbing from 42,930 to 44,732 units. This growth underscores the island nation’s evolving automotive landscape as consumer demand shifts towards greener technologies.

Rising Demand For Low-Emission Technologies

The report highlights that passenger saloon car registrations grew by 4.0 percent, reaching 34,782 units. A notable detail is that 37.2 percent of these vehicles are brand new, while the remaining 62.8 percent are pre-owned. Moreover, rental car registrations surged by an impressive 33.8 percent to 4,866 units. Such trends indicate that both individuals and businesses are increasingly favoring environmentally friendly vehicle options.

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Hybrid And Electric Models Gain Ground

A deeper dive into the data reveals a discernible consumer tilt away from traditional fuels. The market share of petrol-powered passenger cars dropped to 42.5 percent from 49.5 percent, with diesel models also receding to 8.6 percent from 10 percent. In contrast, electric cars experienced a modest growth from 3.8 percent to 4.8 percent, and hybrids soared from 36.7 percent to 44.1 percent. Nearly half of all new passenger saloon car registrations thus comprise hybrid or fully electric models, a milestone that signals Cyprus’ commitment to low-emission mobility.

Growth Across Commercial Vehicle Segments

Commercial segments were not left behind. Motor coaches and buses increased from 125 to 167 units, while the goods conveyance category expanded by 6.6 percent, reaching 5,142 units. Within this segment, rental vehicles, light goods vehicles, and heavy goods vehicles recorded gains of 23.3 percent, 6.6 percent, and 3.1 percent respectively. Notably, road tractors maintained steady numbers, and motorcycles over 50cc increased by 17.0 percent, reflecting diversified growth across all vehicle types. Conversely, mopeds under 50cc saw a significant decline, falling from 627 to 190 units.

October 2025: A Snapshot Of Accelerated Growth

Focusing on October 2025, total vehicle registrations reached 4,520—a 9.9 percent increase from October 2024’s 4,111 units. Passenger saloon cars alone spiked by 11.7 percent, further underscoring the sustained momentum of the market.

Conclusion: Steering Towards A Sustainable Future

The latest figures clearly indicate that consumer preferences in Cyprus are undergoing a powerful transformation, increasingly favoring hybrid and electric vehicles over traditional petrol and diesel models. This shift not only supports the nation’s environmental goals but also positions Cyprus’ automotive market at the forefront of low-emission innovation in the region.

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Cyprus Records EU’s Largest Quarterly Drop In Public Debt Ratio

by THEFUTURE.TEAM

October 21, 2026

Cyprus recorded the European Union’s largest quarterly decline in government debt as a share of GDP in the second quarter of 2026, as its debt burden continued to fall while borrowing levels across the bloc increased, according to Eurostat.

Debt Ratio Falls To 48.5%

Cyprus’ government debt fell to 48.5% of GDP at the end of June, down from 51.5% in the first quarter and 58.1% a year earlier.

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In absolute terms, debt declined to €19.2 billion from €20.03 billion at the end of March and €21.7 billion in June 2025. Cyprus also recorded the EU’s second-largest annual reduction in its debt-to-GDP ratio, after Greece.

Cyprus Outpaces Other EU Member States

Greece recorded the largest annual decline, at 11.2 percentage points, followed by Cyprus at 9.5 points, Slovenia at 4.5 points and Portugal at 3.4 points.

Quarterly, Cyprus led the bloc, ahead of Greece, where the ratio fell by 2.7 percentage points, and Hungary, which recorded a 2-point decline.

By contrast, the EU’s debt-to-GDP ratio increased to 82.9% in the second quarter from 82.5% in the first. The euro area ratio rose to 88.8% from 88.4%. Compared with the same period in 2025, the figures increased from 81.4% and 87.3%, respectively.

Debt Levels Remain High Across Europe

Greece had the EU’s highest debt ratio at the end of June, at 140.8% of GDP, followed by Italy at 139.9%, France at 119.1%, Belgium at 110.2% and Spain at 101.4%.

The lowest ratios were recorded in Estonia at 26.1%, Denmark at 27.1%, Luxembourg at 28.2% and Bulgaria at 28.7%.

Compared with the first quarter, debt ratios rose in 15 member states and fell in 10, while the Netherlands and Spain remained unchanged. Poland recorded the largest quarterly increase, at 3 percentage points.

Cyprus Maintains A Government Surplus

Cyprus’ debt reduction comes alongside a strong fiscal position. In 2025, the country recorded a government surplus of 3.6% of GDP, the highest in the EU, according to audited figures published by Cystat and Eurostat. Government debt at the end of that year stood at €20.05 billion, or 52.3% of GDP.

However, Cyprus’ seasonally adjusted government surplus narrowed to 3.3% of GDP in the second quarter of 2026, from 3.8% in the first quarter.

The figures come from Eurostat’s latest government deficit and debt release, based on member states’ second 2026 notifications under the EU’s Excessive Deficit Procedure and compiled under the European System of Accounts 2010 methodology.

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