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Cypriots Report Growing Economic Concerns In New Eurobarometer Survey

Eurobarometer Survey Reveals Stark Economic Outlook

A comprehensive Eurobarometer survey conducted between March 12 and April 1, 2026, has revealed significant economic and institutional challenges in Cyprus ahead of Europe Day. The study, which included 506 interviews in Cyprus as part of a pan-European sample of 26,415 citizens, underscores a pronounced economic pessimism and declining trust in national and European institutions.

Economic Sentiment And Future Projections

More than half of Cypriots, or 53%, described the country’s economic situation negatively, while 46% expressed a positive assessment. Across the European Union, by comparison, 60% of respondents viewed their national economies positively and 38% negatively.

Economic pessimism also increased sharply compared with autumn 2025. Around 51% of Cypriots said they expect the economy to deteriorate further over the next year, marking a 23 percentage point increase from the previous survey period. Only 11% anticipated economic improvement.

Despite broader concerns about the economy, perceptions of personal financial conditions remained relatively stable. Around 75% of respondents described their household financial situation positively, while 60% said they expect employment conditions to remain stable over the coming year.

Main Challenges And Priorities For Action

The cost of living remained the leading concern among Cypriot respondents at 36%, followed by developments in the Middle East at 30%, the national economy at 24%, migration at 23% and housing at 21%. Across the EU more broadly, respondents prioritised instability in the Middle East, Russia’s invasion of Ukraine and migration.

Regarding policy priorities, Cypriots said EU spending should focus primarily on employment, social policy and healthcare, alongside education, youth initiatives, housing and security.

Institutional Distrust And European Identity

Trust in national institutions remained low throughout the survey. Only 31% of respondents said they trust the government, while confidence in parliament stood at 22%. At the same time, 74% expressed distrust toward parliament.

Views toward the European Union also remained divided. Around 39% of Cypriots said they trust the EU, compared with 54% who said they do not, although this represented a slight improvement from autumn 2025.

The survey additionally pointed to a stronger sense of local and national identity than European identity. While 92% said they feel connected to their local communities and 95% to Cyprus itself, only 52% reported feeling attached to the EU and 45% identified with Europe more broadly.

Digital Security And Divergent Foreign Policy Views

Concerns about digital safety also remained elevated, with 53% of respondents saying major online platforms are not doing enough to remove illegal or harmful content. Another 45% said existing user protection measures remain insufficient.

The survey also revealed notable differences between Cypriot and wider EU attitudes toward the war in Ukraine. Although 77% supported accepting refugees and 70% backed humanitarian and economic assistance, support for sanctions against Russia stood at only 30%, significantly below the EU average.

Support for military assistance to Kyiv remained particularly low at 18%, while only 41% of respondents supported Ukraine’s future EU membership compared with 56% across the bloc.

Conclusion

The findings reflect growing economic anxiety and continued institutional scepticism in Cyprus amid broader geopolitical uncertainty across Europe and the Middle East. At the same time, the survey showed that Cypriots remain highly focused on domestic economic stability, social policy and cost-of-living pressures as key priorities for the years ahead.

Italy And Cyprus Deepen Maritime Cooperation With Limassol Business Forum

Italy and Cyprus are stepping up cooperation in shipping, port development and maritime investment, with a business forum in Limassol bringing together policymakers, shipowners and industry leaders to explore new commercial opportunities.

The Italy-Cyprus Maritime Business Forum, organised by the Italian Embassy in Nicosia, will take place at 9 a.m. on Friday, October 9, at the DP World Cruise Terminal in Limassol. Discussions will focus on sustainable ports, shipping regulation and international maritime corridors, with three panels connecting public-sector priorities with private investment and industry expertise.

A Strategic Partnership For Maritime Growth

The forum aims to strengthen ties between shipowners, ship managers, shipyards, port operators, insurers and maritime service providers in the two countries, with a focus on infrastructure, technology and investment.

Shipping accounts for about 7% of Cyprus’ GDP, while the wider blue economy contributes roughly 25%, according to figures cited by the organisers. Beyond shipping, the sector includes coastal tourism, fisheries and aquaculture, making maritime development an important part of Cyprus’ broader economic strategy.

Italy offers complementary strengths in shipbuilding, maritime logistics and insurance. Its shipbuilding exports exceeded €5 billion in 2025, while Italian companies accounted for 56% of global superyacht orders by volume and 36% by value.

Together, the two countries bring different but complementary capabilities: Cyprus as an international shipping hub and Italy as a major source of industrial expertise, maritime technology and shipbuilding capacity.

From Maritime Links To Commercial Opportunities

Italian ambassador to Cyprus Antonella Cavallari said the two countries should use their longstanding maritime ties to build a broader economic partnership.

“The sea has always connected Italy and Cyprus, and today it can become the engine of an even more ambitious economic partnership,” she said.

Cavallari said the forum is intended to turn this potential into practical projects, including partnerships between companies, ports and port cities, while exploring future trade routes such as the India-Middle East-Europe Economic Corridor (IMEC).

Focus On Sustainable Ports And Shipping

The opening panel will examine how ports can support economic development while meeting European environmental requirements and integrating more effectively with surrounding cities.

A second session will focus on shipping management, regulatory compliance, maritime safety and industry best practices, bringing together representatives from shipowners, ship management companies, the Cyprus Shipping Chamber and DP World Limassol.

The final panel will turn to international maritime cooperation and investment in ports and terminals, with particular attention to emerging shipping corridors and IMEC.

Cyprus’ Role In IMEC

Cyprus’ position within the proposed India-Middle East-Europe Economic Corridor will be among the key topics of the final discussion. The initiative aims to improve connectivity between India, the Middle East and Europe and could create new opportunities for ports and logistics hubs across the region.

Rona Panteli, Cyprus’ IMEC representative and head of the Connectivity Unit at the Foreign Ministry, will join the discussion alongside representatives of the Port System Authority of the Eastern Adriatic Sea, Cyprus Ports Authority, Invest Cyprus and the Italian-Cypriot Chamber of Commerce.

Building A Broader Maritime Ecosystem

Beyond the formal panels, the forum is designed to connect Italian and Cypriot businesses and encourage partnerships across shipping, logistics and maritime services.

The event is organised with the Italian Trade Agency (ICE), the Italian-Cypriot Chamber of Commerce, the Cyprus Chamber of Commerce and Industry (Keve), the Cyprus Shipping Chamber (CSC), Invest Cyprus, the Limassol Chamber of Commerce and Industry (Evel) and the Cyprus-Italy Business Association.

DP World and Limassol Municipality are supporting the event, which is being held under the auspices of the Shipping Deputy Ministry.

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