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Cyprus Industrial Production Index Sees Robust Surge In November 2025

by THEFUTURE.TEAM

January 30, 2026

Data released by the Cyprus Statistical Service confirms a notable lift in industrial activity. In November 2025, the Cyprus Industrial Production Index reached 111.2 units—a striking 8.5% increase from the same month in the previous year—underscoring a dynamic rebound in the nation’s economy.

Overview Of Growth Trends

The index, anchored to the 2021 base year (set at 100 units), has driven an overall annual uptick of 3.7% for the period spanning January 1 to November 30, 2025, compared to 2024. Such a trend is reflective of broader recovery measures and sustained confidence in core industrial sectors.

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Manufacturing Sector Drives Expansion

At the forefront of this progress is the manufacturing sector, which reported a robust 9.6% rise relative to November 2024. Notably, the production of other non-metallic mineral products surged dramatically by 83.6%, and combined advancements in furniture manufacturing, machinery repair, and installation contributed a 10.3% increase. Additionally, wood processing and basic metals manufacturing displayed strong gains of 9.3% and 8.9% respectively, further solidifying industrial resilience.

Sectoral Analysis And Key Contributors

In parallel, the mining and quarrying segment experienced a steep climb of 32.5%, while the water supply and materials recovery sector posted a 4.7% increase. However, not all areas shared this upward momentum; the electricity supply sector registered a modest decline of 0.9% in November, highlighting sector-specific challenges even amidst an overall positive industrial landscape.

Year-To-Date Trends And Future Outlook

From January through November 2025, the manufacturing segment—particularly the production of non-metallic mineral products—remained the standout, with an impressive annual increase of 13.3%. Other significant year-to-date contributors include basic metals and fabricated metal products at 8.7% and wood and cork products at 8.6%. Conversely, the manufacturing of paper products fell by 10.3%, and the textiles, wearing apparel, and leather products sector declined by 5.4%, with the electricity supply industry dropping by 1.8% compared to the previous year.

This comprehensive data underscores the vital role that diversified industrial activities play in shaping Cyprus’s economic landscape. As these sectors continue to evolve, the measured shifts in production not only serve as a barometer for current performance but also offer key insights for strategic decision-making in a globally competitive market.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.