Breaking news

Cyprus Industrial Production Expands With Diverse Sector Gains In March

by THEFUTURE.TEAM

May 28, 2026

Robust Annual Growth Recorded

Cyprus Statistical Service reported a 4.7% annual increase in industrial production during March, with the industrial production index reaching 116.7 points based on 2021 as the benchmark year. The figure exceeded levels recorded in March 2025 and reflected continued growth across several major industrial sectors.

Quarterly Improvements And Overall Impact

Growth recorded during March contributed to a 1.5% increase in industrial production during the first quarter of 2026 compared with the same period a year earlier. According to Cystat, the data indicate continued momentum across Cyprus’s broader industrial sector despite uneven performance between individual industries.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Sector-Specific Breakdowns

Electricity supply recorded the strongest annual increase in March, rising by 19%. Mining and quarrying activity increased by 9.2%, while water supply and materials recovery rose by 3.9%. Manufacturing activity also expanded, recording a 2.8% increase compared with March 2025.

Manufacturing Trends And Challenges

Within manufacturing, production of basic metals and fabricated metal products rose by 8.5%. Rubber and plastic products increased by 7.1%, while other non-metallic mineral products recorded growth of 4.5%. Food, beverages and tobacco production also rose by 3.5%. At the same time, machinery and equipment manufacturing, motor vehicles and transport equipment production declined by 4.8%. Furniture manufacturing and machinery repair and installation activity also recorded annual declines of 3.9%.

Year-To-Date Sector Performance

For the January to March period, water collection, treatment and supply recorded the strongest increase at 10.1%. Electricity supply rose by 7.4%, while production of basic metals and fabricated metal products increased by 6.4%. Furniture manufacturing and related sectors declined by 6.2%, while machinery and equipment production fell by 5.4%. Textiles, clothing and leather products also remained under pressure, recording a 4.7% decline during the first quarter.

Conclusion

The latest data reflects continued expansion across several key industrial sectors in Cyprus, particularly electricity supply, mining and metal production. At the same time, weaker performance in machinery, furniture and consumer goods manufacturing highlights ongoing challenges across parts of the industrial economy.

The Future Forbes Realty Global Properties

Cyprus Has One Of The EU’s Oldest Teaching Workforces

by News Editor

August 18, 2026

Only 3% of teachers in Cyprus are under 30, putting the country alongside Portugal for the lowest share of young teachers in the European Union, according to a European Commission report. The figure is well below the EU average of 8%, while Malta has the highest proportion at 17%, followed by Belgium and Luxembourg at around 15%.

Cyprus is also the only EU member state identified in the report as having a surplus of teachers, despite the workforce being relatively old.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Older Teachers Remain Highly Satisfied

The teaching profession appears to remain attractive to those already working in it. In 2024, 73% of Cypriot teachers said they were satisfied with their salaries, compared with just 37.3% across the EU. Job satisfaction was also high, reaching 93% in Cyprus versus 90% across the bloc.

The age gap is particularly visible in secondary education, where teachers in Cyprus averaged 46 years old in 2024, compared with 45 across OECD member states. Only 4% were under 30, while 33% were aged 50 or older.

Reform Could Change The System

The findings come as Cyprus moves toward the final stage of its teacher evaluation reform. Until August next year, vacancies will continue to be divided between the old appointment list and the newer system introduced in 2015.

From next September, first-appointment vacancies will be filled exclusively through the new list. The European Commission has meanwhile called for stronger efforts to attract and retain younger teachers, including through better working conditions and greater support for people entering the profession.