Cyprus Employment Growth Accelerates in Q3 2025

by THEFUTURE.TEAM

December 9, 2025

Overview Of Employment Growth

Recent preliminary data from the Statistical Service indicates robust annual growth in Cyprus employment during the third quarter of 2025. Both headcount and actual hours worked have increased year-on-year, signaling a dynamic recovery across several key sectors.

Steady Increase In Workforce Participation

The total number of employees reached an estimated 523,510 individuals in Q3 2025, comprising 470,755 employees and 52,755 self-employed professionals. Compared with the third quarter of 2024, overall employment climbed by 1.4%, largely driven by momentum in sectors that are pivotal to the nation’s economic infrastructure.

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Sectoral Leaders Driving Growth

Notable percentage surges in employment were recorded in several sectors, including:

Wholesale And Retail Trade
Motor Vehicle Repair
Hotels And Restaurants
Manufacturing

Rising Actual Work Hours Signal Economic Vitality

Actual work hours for Q3 2025 were measured at 236,757 thousand, reflecting a 1.9% uptick relative to the same period last year. The largest gains in work hours were also observed in the sectors of wholesale and retail trade, motor vehicle repair, hotels and restaurants, and manufacturing. This trend underscores an expanding activity in commerce, service industries, and tourism—a combination that bodes well for Cyprus’s broader economic landscape.

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Cyprus Fuel Prices Jump 20.5% As Energy Costs Rise Across The EU

by THEFUTURE.TEAM

June 24, 2026

Cyprus recorded a 20.5% year-on-year increase in the prices of fuels and lubricants for personal transport in May 2026, according to Eurostat data released on Monday.

The increase was broadly in line with the European Union average of 20.7%, with fuel and lubricant prices rising across all EU member states during the period.

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Cyprus Tracks The EU Average

Among EU countries, the largest annual increases were recorded in Bulgaria (33.9%), Luxembourg (32.2%), Lithuania (30.8%) and Romania (30.4%). At the other end of the scale, Hungary registered the smallest increase at 3.5%, while annual growth ranged from 12.7% in Poland to 29.2% in France across the remaining member states.

Eurostat noted that fuel and lubricant prices generally declined across the EU until February 2026 before moving higher in subsequent months.

Diesel And Petrol Follow Different Paths

Across the European Union, diesel prices increased by 29% in May 2026 compared with the same month a year earlier, while petrol prices rose by 16.2%. Monthly trends, however, were more mixed. Between April and May 2026, diesel prices across the EU fell by 5.8%, whereas petrol prices increased by 0.8%.

In Cyprus, diesel prices declined by 1.5% over the same period. Although lower than in April, the decrease was less pronounced than in Germany (-11.9%), Greece (-8.5%), Estonia (-8.4%) and Ireland (-8.1%).

Petrol prices moved in the opposite direction, rising by 2.1% between April and May. A similar pattern was observed across much of the EU, with 23 member states reporting monthly increases. Italy recorded the largest monthly rise in petrol prices at 6.9%, while decreases were reported in Germany (-5.6%), Ireland (-2.0%) and Sweden (-0.7%).

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