Cyprus’ Aquaculture Position: Fishy Figures Or Future Growth?

by News Editor

April 8, 2025

In 2023, the European Union witnessed a collective aquaculture output of approximately 1.1 million tonnes, a diverse assortment of fish, molluscs, algae, and crustaceans. Europe’s top contributors—Spain, France, and Greece—dominated the scene, according to recent Eurostat data. However, Cyprus finds itself further down the list, ranking 19th with a production of 5,700 tonnes, trailing significantly behind Malta, positioned at 11th with 20,803 tonnes.

Leading the charge, Spain reached a notable 242,754 tonnes, and alongside France at 186,561 tonnes and Greece at 140,908 tonnes, they form the trinity of aquaculture powerhouses in the EU. These three nations collectively command a major share of the sector, capturing 23.1%, 17.8%, and 13.4% respectively of the union’s output.

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Cyprus’s contribution, although modest in comparison, still sums up to €39 million of EU’s €4.8 billion aquaculture production market. Interestingly, current economic dynamics may play a pivotal role in shaping future opportunities in Cyprus’ sectors.

A Journey Of Ebb And Flow

Cyprus saw its aquaculture volumes rise from 3,776 tonnes in 2008 to a peak of 7,346 tonnes in 2018, only to dip back by 2023. The fluctuations reflect a regional pattern as well, where Greece experienced growth, Spain encountered a downtrend post-2018, and France remained relatively stable.

The EU’s aquaculture production primarily centers around finfish—like trout, seabream, seabass, carp, tuna, and salmon—as well as molluscs including mussels, oysters, and clams, with mussels leading at 34.5%. Trout, seabass, and gilthead seabream featured prominently in terms of economic value too, pinning down the top three slots amongst valuable species.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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