Cyprus Committed To Adequate Wages And Dignified Pensions, Minister Says

Minister of Labour and Social Insurance Yiannis Panayiotou has conveyed the government’s commitment to adequate wages and dignified pensions promoting more social justice in citizens’ everyday life.

According to a press release issued by the Ministry of Labour, Panayiotou made the statements while addressing the Plenary of the ILO’s Global Coalition for Social Justice held in Geneva, on 13 June.

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The Global Alliance was set up during the 2023 ILO Conference, aiming to promote social justice in the shaping of public policy and social dialogue between social partners, numbering more than 250 participants including governments, workers and employers’ organisations and other international organisations.

Cyprus was one of the first states to respond to the invitation by ILO Director-General, the Ministry said.

In his address, Panayiotou said universal and lasting peace can only be consolidated if it is based on social justice.

“This is what we are defending in this body for over a century and our commitment will continue to be in place for the years and generations to come,” he added.

Panayiotou stressed that the Cypriot government remains “dedicated to safeguarding better wages and better pensions, adequate income for all those actively participating in the labour market so we could maximize the economy’s capacity and to secure our citizens’ welfare.”

“Our government is determined to actively participate in the Global Alliance because we believe in its cause and we want our Alliance to succeed,” he said.

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Cyprus Hits Historic Tourism Peak As Overtourism Risks Mount

by THEFUTURE.TEAM

February 13, 2026

Record-Breaking Performance In Tourism

Cyprus’ tourism sector achieved unprecedented success in 2025 with record-breaking arrivals and revenues. According to Eurobank analyst Konstantinos Vrachimis, the island’s performance was underpinned by solid real income growth and enhanced market diversification.

Robust Growth In Arrivals And Revenues

Total tourist arrivals reached 4.5 million in 2025, rising 12.2% from 4 million in 2024, with momentum sustained through the final quarter. Tourism receipts for the January–November period climbed to €3.6 billion, marking a 15.3% year-on-year increase that exceeded inflation. The improvement was not driven by volume alone. Average expenditure per visitor increased by 4.6%, while daily spending rose by 9.2%, indicating stronger purchasing power and higher-value tourism activity.

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Economic Impact And Diversification Of Source Markets

The stronger performance translated into tangible gains for the broader services economy, lifting real tourism-related income and overall sector turnover. Demand patterns are also shifting. While the United Kingdom remains Cyprus’ largest source market, its relative share has moderated as arrivals from Israel, Germany, Italy, the Czech Republic, the Netherlands, Austria, and Poland have expanded. This gradual diversification reduces dependency on a single market and strengthens resilience against external shocks.

Enhanced Air Connectivity And Seasonal Dynamics

Air connectivity has improved markedly in 2025, with flight volumes expanding substantially compared to 2019. This expansion is driven by increased airline capacity, enhanced route coverage, and more frequent flights, supporting demand during shoulder seasons and reducing overreliance on peak-month flows. Seasonal patterns remain prominent, with arrivals building through the spring and peaking in summer, thereby bolstering employment, fiscal receipts, and corporate earnings across hospitality, transport, and retail sectors.

Structural Risks And Future Considerations

Despite strong headline figures, structural challenges remain. The European Commission’s EU Tourism Dashboard highlights tourism intensity, seasonality, and market concentration as key risk indicators. Cyprus records a high ratio of overnight stays relative to its resident population, signalling potential overtourism pressures. Continued reliance on a limited group of origin markets also exposes the sector to geopolitical uncertainty and sudden demand swings. Seasonal peaks place additional strain on infrastructure, housing availability, labour supply, and natural resources, particularly water.

Strategic Investment And Market Resilience

Vrachimis concludes that sustained growth will depend on targeted investment, product upgrading, and continued market diversification. Strengthening year-round offerings, improving infrastructure capacity, and promoting higher-value experiences can help balance demand while preserving long-term competitiveness. These measures are essential not only to manage overtourism risks but also to ensure tourism remains a stable pillar of Cyprus’ economic development.

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