Cyprus is making headway in tackling youth unemployment, with the share of young people not in work, education, or training (NEETs) dropping to 13.8% in 2023. Yet, the country still trails behind the EU average, highlighting the need for sustained efforts.
A Targeted Push To Get Young People Back On Track
The Employment Counseling Unit Services for NEETs project, launched in January 2024, has already assisted 400 young people, providing 717 counseling sessions. The initiative aims to register at least 1,200 NEETs, offering personalized support such as CV writing, interview coaching, and job placements.
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Labour Minister Yiannis Panayiotou underscored the government’s goal of achieving full employment by 2025, calling job creation a top priority.
A Stronger Job Market And Rising Wages
Beyond youth employment, Cyprus sees broader labour market gains. Unemployment has dropped to 5%, employment rates are nearing 80%—the highest in 15 years—and wages are steadily climbing. Key collective agreements, extended until 2027, signal long-term stability.
The Road To Full Employment
The government is doubling down on its commitment to closing the NEET gap, ensuring young people gain the skills and opportunities needed to thrive. While Cyprus is moving in the right direction, bridging the gap with the EU remains a challenge.
