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Cyprus Registered Unemployment Climbs 9.9% In June

Cyprus recorded another increase in registered unemployment in June, with the sharpest rises concentrated in public administration, education, accommodation and food services, according to figures released by the Statistical Service (Cystat).

The number of people registered as unemployed at district labour offices reached 10,056 at the end of June, up from 9,153 a year earlier. That represents an increase of 903 people, or 9.9%.

Seasonal Factors Mask A Gradual Rise

Compared with May, registered unemployment climbed from 7,936 to 10,056. However, the increase largely reflects seasonal patterns, particularly in education and public administration, where hiring and contract expirations typically follow the academic and administrative calendar.

Seasonally adjusted data point to a more gradual trend. Registered unemployment rose to 10,656 in June from 10,543 in May and has remained above 10,000 throughout the first half of the year, increasing steadily from 10,109 in January.

Public Administration And Education Lead The Increase

Public administration and defence recorded the largest number of registered unemployed, rising to 2,306 from 2,171 a year earlier and 706 in May.

Education also saw a marked increase, with unemployment reaching 1,004 compared with 895 in June 2025 and just 290 in May, reflecting the seasonal end of the academic year.

Accommodation and food services recorded 934 registered unemployed, up from 762 a year earlier but below May’s level of 1,177, while wholesale and retail trade stood at 1,362, slightly above the 1,297 recorded a year earlier.

Pressure Extends Across Service Industries

Several other sectors also reported annual increases. Professional, scientific and technical activities recorded 813 registered unemployed, broadly unchanged from May but above last year’s level of 743.

Information and communication rose to 479 from 412 a year earlier, while human health and social work increased to 329 from 256. Manufacturing also remained above last year’s level, with 471 registered unemployed compared with 402 in June 2025.

Financial and insurance activities, transportation and storage, real estate, arts and entertainment, other service activities and extra-territorial organisations also recorded annual increases.

Construction was one of the few larger sectors to buck the trend, with registered unemployment falling to 366 from 401 a year earlier, while agriculture, forestry and fishing, water supply and waste management, and electricity and gas also recorded lower unemployment than in June 2025.

Cystat said the figures cover people aged 15 and over who are registered with district and local labour offices, are available for work and are actively seeking employment.

Cyprus Promotes Ship Registry In Asia As Fleet Grows To 25-Year High

Cyprus is stepping up efforts to attract international shipowners, with Shipping Deputy Minister Marina Hadjimanolis holding high-level meetings in China and Japan as the country’s ship register reaches its strongest level in 25 years.

Running from October 14 to 29, the Asian mission focuses on expanding commercial ties, promoting the advantages of the Cyprus flag and strengthening cooperation with shipowners, shipbuilders and maritime authorities.

China Meetings Target Shipowners And Industry Leaders

In Shanghai, Hadjimanolis met Wang Qian, vice-director of the Shanghai Pudong New Area Commission of Commerce and Shipping Service Office, ahead of the North Bund International Shipping Forum on October 20–21. Organisers expect around 4,000 participants from more than 50 countries and regions, with discussions covering international shipping, maritime safety, financing, insurance, digitalisation and the transition to cleaner fuels.

The minister also met representatives of Dalian Trawind Shipping and Fortuna Shipbrokers Inc. to present the Cyprus registry’s advantages and explore registration opportunities for vessel owners. On October 20, she is scheduled to speak at the 10th Annual Capital Link International Shipping Forum in Pudong, joining a ministerial roundtable on international maritime leadership.

A visit to Zhoushan is also planned for the naming ceremony of Kypros Island, a new vessel for the Cyprus register owned by Safe Bulkers. Launched in June at the Tsuneishi shipyard on Xiushan Island, the 81,200-deadweight-tonne methanol dual-fuel bulk carrier is scheduled for delivery at the end of October. According to the Zhejiang Maritime Safety Administration, sea trials were due to take place between October 11 and 16.

Japan Engagements Strengthen Maritime Ties

Before travelling to China, Hadjimanolis met Japan’s Parliamentary Vice-Minister for Land, Infrastructure, Transport and Tourism, Kenta Aoshima, in Tokyo on October 16. Her programme also included meetings with senior representatives of Shoei Kisen Kaisha, Nihon Shipyard, NYK Line, ITOCHU Corporation and SSY Projects, focusing on cooperation with Japanese shipowners, shipbuilders and shipping operators.

At the 5th Annual Capital Link Japan Maritime Forum, held at the Tokyo American Club, Hadjimanolis discussed maritime leadership, competitiveness, policy and international cooperation with Capital Link founder and president Nicolas Bornozis. Other sessions examined Japan’s shipbuilding strategy, new-vessel financing and the development of ammonia-powered ships.

The Tokyo programme followed a Cyprus Ship Registry reception on October 15 for representatives of Japan’s maritime and business communities. Hadjimanolis outlined the country’s shipping services and regulatory framework, while Polys Hajioannou, chief executive of Safe Bulkers and president of the Cyprus Union of Shipowners, delivered the opening remarks.

Registry Reaches Highest Level In 25 Years

At the reception, Hadjimanolis said the Cyprus Ship Registry had grown by 27% since September 2023, reaching its highest level in a quarter of a century. She attributed the expansion to efforts to improve competitiveness, simplify administrative procedures and provide more responsive services to international shipowners.

Cyprus’s inclusion on the White Lists of the Paris and Tokyo Memoranda of Understanding was another point highlighted by the minister. These lists reflect the safety and inspection performance of ships flying a national flag.

Existing commercial links with Japan include Safe Bulkers’ announcement in May of four Japanese-built dry bulk vessels scheduled for delivery in 2029.

South Korea Next On The Maritime Agenda

Hadjimanolis’ mission will continue in South Korea, where she is expected to attend the 2026 World Maritime Day Parallel Event and Korea Maritime Week alongside International Maritime Organization Secretary-General Arsenio Dominguez and government representatives from several countries.

Her programme will also include discussions on implementing international maritime conventions and bilateral talks aimed at strengthening Cyprus’s shipping ties with South Korea.

The Asian outreach comes as maritime centres compete for shipowners amid geopolitical uncertainty, fleet renewal and pressure to reduce shipping emissions. For Cyprus, the strategy combines promotion of its registry with closer relationships across Asia’s shipbuilding and shipping sectors.

Uol
The Future Forbes Realty Global Properties
Aretilaw firm
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