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Cyprus Public Sector Employment Increases 1.8% In 2025

by THEFUTURE.TEAM

March 16, 2026

Total employment in the broad public sector in Cyprus reached 78,124 in the fourth quarter of 2025, according to data released by Cyprus Statistical Service (Cystat). The figure includes employees in general government, local authorities, non-profit organizations and government-controlled enterprises.

Robust Growth In General Government Employment

Employment in the general government reached 73,006 in the fourth quarter of 2025. This category includes central government institutions, non-profit organizations and local authorities. Government employment totaled 55,215 individuals. Non-profit organizations accounted for 11,566 employees, while local authorities employed 6,225 people.

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Sustained Annual Increases

For the full year 2025, employment in the broad public sector averaged 76,726. This represents an increase of 1,373 employees compared with 2024, equivalent to a 1.8% rise. Employment in general government increased by 1,684 people during the year. This corresponds to a 2.4% increase compared with 2024.

Contrasting Trends In Publicly Owned Enterprises

Employment in government-controlled companies and enterprises declined during the year. These entities recorded 311 fewer employees compared with 2024, representing a decrease of 5.8%. However, employment in these organizations increased during the fourth quarter alone. The sector recorded an increase of 152 employees, equivalent to 3.1%.

Local Authority Acceleration

Employment in local authorities increased by 585 employees compared with the same quarter in 2024. This corresponds to a rise of 10.4%. District local government organizations accounted for most of the increase. Employment in these bodies rose by 427 employees, representing an increase of 48.4%.

Strategic Implications

These figures illuminate ongoing trends in Cyprus’ public sector, where strategic adjustments in staffing not only influence service delivery but also reflect broader governmental responses to evolving economic and social imperatives. Stakeholders across the public and private sectors will be closely monitoring these developments as they assess the long-term implications for policy and public administration efficiency.

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Visa Shares Rise 5% After Earnings Beat And Outlook Increase

Visa Inc. reported second-quarter results above expectations, with shares rising about 5% in premarket trading following the release. The company also updated its full-year earnings outlook, supported by continued consumer spending despite broader macroeconomic uncertainty.

Strong Q2 Earnings And Strategic Momentum

Payment volume increased during the quarter, reflecting stable consumer activity. Ryan McInerney, CEO of Visa, said the company is monitoring geopolitical developments, including tensions in the Middle East. At the same time, he noted that changes in travel patterns are being offset by increased demand for travel to the United States. This shift is supported by factors such as major international events, including the FIFA World Cup, as well as stronger commercial travel volumes, which are helping sustain cross-border activity.

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Cross-Border Payments And Market Indicators

Cross-border payment volume rose 12% year-on-year on a constant-dollar basis in the second quarter, compared with 13% growth in the same period last year. Analysts at J.P. Morgan said the data indicate that earlier concerns about a sharper slowdown in cross-border activity have not materialised.

Capital Allocation And Share Buybacks

Visa’s board approved a new $20 billion multi-year share repurchase programme. Chris Suh, Chief Financial Officer, said the company continues to balance investment in growth initiatives with returning capital to shareholders.

Embracing Innovation And Expanding Horizons

Looking ahead, the company is focusing on areas such as artificial intelligence and new commerce models, alongside growth in its marketing services segment. Analysts from TD Cowen and William Blair pointed to multiple sources of growth across Visa’s business.

Market Performance

Visa shares are down about 12% year-to-date in 2026 but remain ahead of peers such as American Express. At the same time, competitors, including Mastercard, also moved higher in early trading following the results.