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Compensation Disparities in Cyprus Labor Market: A Sector-by-Sector Analysis

by THEFUTURE.TEAM

A recent release by the Statistics Service sheds light on notable disparities in monthly earnings between native and non-native workers operating within the same economic activities in Cyprus. The analysis confirms that wage variations persist across diverse sectors, influenced by qualifications, gender, and nationality.

Sectoral Discrepancies in Earnings

Among non-native employees, the finance and insurance sector leads with an average monthly wage of €6,172, significantly outpacing the native rate of €4,129. A similar trend is observed in the information and communication field, where non-native workers earn an average of €5,083 compared to €3,197 for their native counterparts. Additional sectors, such as arts, entertainment, and recreation, along with public service agencies, also exhibit higher compensation for non-native employees. For instance, non-natives in the mining and quarrying industry earn about €4,173 monthly, whereas natives receive €3,123; in logistics, non-natives earn €2,767 compared to €2,601 for natives; and in professional, scientific, and technical activities the disparity is €3,521 versus €2,653, respectively.

Native Workers Leading in Key Sectors

Conversely, certain industries favor native workers with higher average monthly wages. In agriculture, forestry, and fishing, native employees earn approximately €1,677, while non-natives receive merely €650. The manufacturing sector also highlights a gap, with natives earning €2,002 compared to €1,628 for non-natives. Moreover, public utilities demonstrate substantial differences: workers in electric, gas, steam, and air conditioning supply earn an average of €3,585 if native, versus €2,259 for non-natives, while those in water supply and waste management report €2,472 for natives and €1,572 for non-natives. Similar patterns are observed in construction, wholesale and retail trade, motor vehicle repair, and accommodation services, where natives consistently earn more.

Balanced Earnings in Education and Public Administration

In sectors such as education and public administration, the wage differences are far less pronounced. Non-native employees in public administration and defense earn slightly more at €3,444, while natives receive €3,278. In the education sector, the monthly earnings for non-natives and natives are comparably close at €2,428 and €2,280 respectively, indicating that these areas exhibit a more balanced compensation structure.

Conclusion

The statistics present a complex picture of the Cypriot labor market. While non-native workers command higher wages in sectors such as finance, insurance, and various professional services, native employees tend to secure better compensation in agriculture, manufacturing, and utilities. This sector-by-sector analysis offers critical insights for policymakers and business strategists aiming to understand and address the underlying factors contributing to these wage disparities.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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