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Cyprus Sees Robust Growth In Motor Vehicle Registrations Amid Shift To Hybrid And Electric

by THEFUTURE.TEAM

February 9, 2026

Cyprus commenced 2026 with solid momentum in its automotive sector, underscored by a marked 6.7 percent increase in motor vehicle registrations in January, according to data from Cystat. The positive figures reflect a deepening market transformation as consumers increasingly pivot toward cleaner, hybrid, and electric vehicles.

Market Performance Overview

A total of 4,350 vehicles were registered in January 2026, compared with 4,077 a year earlier. The figures point to continued demand across the sector, even as the industry adapts to changing fuel technologies and evolving mobility trends.

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Passenger Car Trends And Shifts

Registrations of passenger saloon cars increased by 4.5 percent to 3,317 units, up from 3,173 in January 2025. New vehicles accounted for 39 percent of registrations, or 1,294 units, while used cars made up the remaining 61 percent with 2,023 registrations. In contrast, rental saloon registrations declined sharply by 22.8 percent to 159 units.

Changing Fuel Dynamics

Fuel preferences also continued to shift. The share of petrol-powered passenger cars fell from 42.5 percent to 35.8 percent year on year. Diesel vehicles edged slightly higher, moving from 8.1 percent to 8.4 percent. Electric vehicles expanded their presence from 5.6 percent to 6.9 percent, while hybrid cars strengthened their lead, rising from 43.8 percent to 48.8 percent of new registrations.

Commercial And Two-Wheeler Segments

Activity was mixed in the commercial vehicle segment. Motor coaches and buses rose to 23 registrations from 7 a year earlier. Heavy goods vehicles increased by 43.8 percent to 69 units, while light goods vehicles grew by 16 percent to 471. Road tractors also recorded an 18.8 percent rise to 19 units. Rental goods vehicles, however, dropped sharply by 70 percent to just 3 registrations.

In the two-wheeler category, mopeds under 50cc declined to 6 units from 22, whereas motorcycles above 50cc climbed 13.5 percent to 387 registrations, up from 341 the previous year.

Overall, the data highlights a market that is gradually shifting toward cleaner mobility options while maintaining stable overall demand.

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Lithuania And Cyprus Forge Enhanced Partnership In Tourism And Defence

by THEFUTURE.TEAM

May 22, 2026

Expanding Cooperation Beyond The Surface

Kristupas Vaitiekūnas highlighted opportunities for closer cooperation between Lithuania and Cyprus during his visit to Nicosia for the informal ECOFIN meeting. Speaking to the Cyprus News Agency, the Lithuanian finance minister said both countries share common challenges and could expand collaboration in areas including tourism, defence and financial services.

Addressing Shared Challenges

Finance Minister Kristupas Vaitiekūnas said Lithuania and Cyprus face similar security and economic pressures despite their geographic differences. Particular attention was given to emerging security threats, including drone-related risks, alongside the importance of maintaining resilient financial sectors. According to Vaitiekūnas, stronger coordination in those areas could deliver long-term economic and strategic benefits for both countries.

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Focus On Fiscal Stability And Energy Security

Discussions at the ECOFIN meeting are expected to focus on Europe’s economic outlook, energy market volatility and fiscal stability. Kristupas Vaitiekūnas warned that instability in the Middle East could continue affecting oil markets and broader economic performance across Europe. Housing affordability was also identified as a growing challenge, with rising property prices in cities such as Vilnius reflecting broader pressures seen across European markets.

Coordinated Energy Strategy And Future Investments

The Lithuanian finance minister also called for a more coordinated European approach to energy and economic resilience. Vaitiekūnas suggested that targeted and temporary policy measures could prove more effective than large-scale structural reforms in addressing short-term pressures. Lithuania continues to increase investment in renewable energy generation and storage infrastructure as part of efforts to strengthen energy independence and begin producing surplus electricity by 2028.

Support For Ukraine And Enhancing Defence Funding

Finance Minister Kristupas Vaitiekūnas reaffirmed Lithuania’s support for Ukraine, describing the war as a broader struggle tied to European security and democratic values. He also backed accelerating Ukraine’s accession process to the European Union, arguing that deeper integration would strengthen regional stability and economic prosperity. Vaitiekūnas welcomed the EU’s SAFE programme, which is expected to support Lithuania’s defence capabilities while contributing additional assistance to Ukraine.

Looking Ahead To A More Unified Europe

Addressing the European Union’s future budget framework, Kristupas Vaitiekūnas said increased funding for security and defence represented a positive development. At the same time, he warned that reductions in cohesion funding and agricultural support could negatively affect purchasing power and long-term European unity. Lithuania is expected to place continued emphasis on Ukraine and regional security ahead of its upcoming EU Council Presidency in early 2027.