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Cyprus Sees a 4.3% Rise In Industrial Production In Early 2025

by News Editor

April 30, 2025

The island nation of Cyprus is experiencing a notable rise in industrial production, marking a 4.3% increase in the first two months of 2025. According to the Cyprus Statistical Service (Cystat), this surge represents a significant improvement over the same period last year. The Industrial Production Index climbed to 108.5 units in February 2025, using 2021 as a baseline.

Sector-Wide Growth

This growth spanned multiple sectors, most notably manufacturing, which saw a 2.4% increase. Key industries such as electricity supply surged by 14.2%, mining and quarrying grew by 8.1%, and water supply and material recovery rose by 3.8%.

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Manufacturing Sector Insights

Within the manufacturing domain, wood industry growth stood out with an 8.1% rise. Meanwhile, the production of electronic, optical, and electrical equipment increased by 7.2%, and other non-metallic mineral products by 5.1%. Food, beverages, and tobacco output rose by 4.3%.

Areas of Decline

However, not all sectors flourished. Paper and paper product manufacturing, as well as furniture production, experienced declines of 10.9% and 2.3%, respectively.

Cumulative Performance

The highest cumulative increases from January to February 2025 were seen in water collection and treatment, non-metallic mineral products, and mining and quarrying. Nonetheless, paper production, material recovery, and furniture manufacturing showed downturns.

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Cyprus Construction Trends: Permit Count Slips While Value and Scale Surge in 2025

by THEFUTURE.TEAM

July 11, 2025

The Cyprus Statistical Service (Cystat) has reported a notable shift in the construction landscape for 2025. The latest figures reveal a modest 1.9% decline in building permits issued in March compared to the same month last year, signaling a nuanced trend in the nation’s developmental activities.

Permit Count Decline in March

In March 2025, authorities authorised 572 building permits—down from 583 in March 2024. The permits, which total a value of €361.5 million and cover 296,900 square metres of construction, underscore a cautious pace in permit approval despite ongoing projects. Notably, these permits are set to facilitate the construction of 1,480 dwelling units, reflecting an underlying demand in the housing sector.

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Q1 2025: Growth in Value, Construction Area, and Dwelling Units

While the number of permits in the first quarter (January to March) decreased by 15.8% from 1,876 to 1,580, more significant, economically relevant metrics saw robust growth. Total permit value surged by 21.7%, and the authorised construction area expanded by 15.6%. Additionally, the number of prospective dwelling units increased by 16.7% compared to the corresponding period last year. This divergence suggests that although fewer permits were issued, the scale and ambition of the approved projects have intensified.

New Regulatory Framework and the Ippodamos System

Since 1 July 2024, a pivotal transition has taken place in permit administration. The responsibility for issuing permits has moved from municipalities and district administration offices to the newly established local government organisations (EOAs). The integrated information system, Ippodamos, now oversees the licensing process, streamlining data collection on both residential and non-residential projects across urban and rural areas.

Comprehensive Data Collection for Enhanced Oversight

The Ippodamos system categorises construction projects using the EU Classification of Types of Construction (CC). This platform gathers extensive data on the number of permits authorised, project area and value, and the expected number of dwelling units. It covers a broad spectrum of construction activities—from new builds and civil engineering projects to plot divisions and road construction—while excluding renewals and building divisions. The thoroughness of this new regulatory structure promises greater operational transparency and more informed decision-making for policymakers and industry stakeholders.