Cyprus Government Surplus Grows To €119.4 Million In Q4 2025

by THEFUTURE.TEAM

April 27, 2026

Robust Fiscal Growth

The Republic of Cyprus has recorded a notable fiscal surplus of €119.4 million during the fourth quarter of 2025, up from €94.9 million in the comparable period of 2024. This development, as reported by the Cyprus Statistical Service (Cystat), reflects a sustained strengthening in public finances.

Revenue Growth Drivers

Total revenue reached €4.69 billion in Q4 2025, rising by €482.4 million or 11.5% compared with the previous year. Growth was driven by higher tax intake across multiple categories. Revenue from income and wealth taxes increased by 18.0% to €1.29 billion, while social contributions rose by 6.2% to €1.36 billion. Taxes on production and imports grew by 5.9% to €1.24 billion. Net VAT revenues also recorded a modest increase, pointing to broad-based revenue expansion.

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Escalating Expenditure Patterns

Government expenditure rose to €4.57 billion, marking an increase of 11.1% compared with Q4 2024. Higher spending was recorded across several categories, including social transfers, compensation of employees, and intermediate consumption. Increases in other current expenditures and subsidies also contributed to the overall rise, indicating sustained fiscal activity during the period.

Momentum In The Capital Account

The capital account expanded by 20.9% to €653.5 million. Growth in this category was supported by increased capital formation and higher capital transfers. Although property income payable declined, overall capital activity remained strong, supporting investment-related spending.

Overall, the data indicate continued fiscal expansion, with both revenue and expenditure rising in parallel during the fourth quarter of 2025.

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Cyprus Ranks Among EU Leaders In Tertiary-Educated ICT Workforce

by THEFUTURE.TEAM

May 25, 2026

High Educational Attainment Sets Cyprus Apart

Recent data from Eurostat showed that Cyprus is expected to rank among the leading European countries for tertiary-educated ICT professionals in 2025. According to the figures, 96.4% of ICT professionals in Cyprus are projected to hold tertiary education qualifications, placing the country among the highest-ranked members of the European Union.

Gender Disparity Remains A Critical Challenge

Despite the high level of educational attainment, the ICT workforce in Cyprus continues to show a significant gender imbalance. Men are projected to account for 85.1% of ICT employees in 2025, while women are expected to represent 14.9% of the sector. In 2024, the split stood at 70.9% for men and 29.1% for women. The figures highlighted a widening gender gap within the country’s ICT workforce.

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European Union Trends And Comparative Analysis

Across the European Union, the number of ICT professionals is projected to increase to 3.4 million in 2025 from 3.2 million in 2024, representing annual growth of 5.1%. Men are expected to account for 83.4% of ICT employment across the bloc, equivalent to approximately 2.8 million workers, while women are projected to represent 16.6%.

National Performance Variability In Gender Representation

Countries within the EU show a varied landscape: the highest percentages of male ICT professionals are reported in the Czech Republic (92.9%), Slovenia (89.1%), Latvia (89.0%), Lithuania (88.9%), and Slovakia (88.4%). On the contrary, nations such as Denmark (30.0%), Sweden (29.8%), Romania (28.6%), Bulgaria (25.6%), and Croatia (25.2%) lead in female participation in the ICT arena.

Educational Background Across The European ICT Sector

Eurostat data also showed that most ICT professionals across the EU hold tertiary education qualifications. By 2025, 74.8% of ICT workers in the bloc are projected to have university-level education, while 25.2% are expected to hold secondary or post-secondary qualifications. Denmark recorded the highest share of tertiary-educated ICT professionals at 97.7%, followed by France at 96.6% and Cyprus at 96.4%. Other countries with high levels of tertiary-educated ICT workers included Ireland at 92.3%, Bulgaria at 91.1%, and Croatia at 90.9%. At the lower end of the ranking, Italy recorded 69.2%, while Portugal stood at 58.8%.

Conclusion

The data perfectly encapsulates the dual narrative in the ICT sector: while countries like Cyprus and Denmark achieve remarkable educational standards among ICT workers, persistent gender disparities remind us that diversity remains an ongoing challenge. As the ICT landscape continues to evolve, strategic policy formation and corporate governance will be pivotal in balancing excellence with inclusivity.

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