Breaking news

Cyprus Saloon Car Registrations Surge In May Amidst Market Adjustments

by THEFUTURE.TEAM

June 30, 2025

Sharp Increase In May Registrations

Cyprus experienced a significant upsurge in saloon passenger car registrations in May 2025, with figures reaching 3,715—a robust 11.7% increase compared to May 2024. This marks a notable rebound from April’s 2,924 units, as reported by the Cyprus Statistical Service (Cystat).

First Five Months Reveal Mixed Trends

Over the first five months of 2025, overall registrations for saloon passenger cars declined by 5.5%, totaling 16,224 units relative to 17,176 during the same period last year. Of these, new vehicles numbered 6,874 (42.4%), while 9,350 registrations, or 57.6%, were for used cars.

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

Fuel Type Composition And Brand Leadership

Petrol and hybrid vehicles have maintained nearly equal market shares, accounting for 43.7% and 42.9% of registrations, respectively, as consumers continue to prioritize efficiency and performance. Electric vehicles further edged their market share to 4.7%, up from 3.4% from the previous year, even as diesel-powered cars fell to 8.8% from 10%.

Dominance In The Private Sector And Brand Rankings

Out of the 16,224 saloon vehicles registered from January to May 2025, a significant 13,927 were classified as private. Toyota led overall with 2,784 registrations, followed by Mazda at 1,687. Other prominent brands included Nissan (1,240), Kia (976), and BMW (953), while additional key players such as Mercedes (875), Volkswagen (666), Hyundai (560), Honda (531), and Audi (394) maintained strong market positions.

New Versus Used: Consumer Preferences

When distinguishing new car registrations, Kia emerged as the market leader with 949 new entries, trailed by Volkswagen (560), Nissan (525), Hyundai (519), and Toyota (493). The top ten for new models also featured BMW (393), Mercedes (331), Jeep (284), Renault (282), and Audi (243).

Resilience Of The Used Car Market

Used saloon cars sustained their dominance, representing over half of total registrations in the first five months of 2025. Toyota and Mazda led this segment with 2,291 and 1,653 used car registrations, respectively. Nissan, BMW, and Mercedes also registered significant numbers, further cementing the continuing consumer preference for pre-owned vehicles.

This evolving landscape underscores a dynamic market in Cyprus where consumer preferences are driving shifts in fuel efficiency, brand loyalty, and the balance between new and used vehicle acquisitions.

The Future Forbes Realty Global Properties

Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

by THEFUTURE.TEAM

September 12, 2025

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

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

Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.