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Cyprus State Employment Reaches 55,367 In March 2026, Up 0.1%

Key Figures Reflect Marginal Growth In The State Workforce

State employment in Cyprus reached 55,367 in March 2026, an increase of 42 employees compared with March 2025. The change corresponds to annual growth of 0.1%, according to Cystat. For January–March 2026, average employment increased by 0.2% compared with the same period in 2025.

Shifts In The Civil Service And Security Forces

Employment trends varied across sectors. Civil service staff declined by 0.8%, from 23,198 to 23,013 employees. Security forces recorded a 0.7% decrease, from 13,832 to 13,734. Education staff increased by 1.8%, rising from 18,295 to 18,620.

Differentiated Trends In Employment Categories

By contract type, employees with indefinite contracts increased by 1.7% to 9,617. Permanent staff rose by 0.1% to 32,900. Employees on definite duration contracts declined by 2% to 6,318, while hourly paid staff decreased by 0.3% to 6,532.

Sector-Specific Contractual Adjustments

Civil service permanent staff decreased to 11,934. Indefinite contracts declined by 3.1% to 4,030, while definite duration contracts increased by 0.5% to 1,437. Hourly paid roles fell by 0.8% to 5,612. In the education sector, permanent staff remained at 12,446 with a slight decrease. Indefinite contracts increased by 24.9% to 1,184. Definite duration contracts rose by 2.1% to 4,843, while hourly paid staff increased by 5% to 147. Security forces recorded a 0.7% increase in permanent staff to 8,520 and a 1.3% rise in indefinite contracts to 4,403. Hourly paid roles increased by 2.7% to 773. Employees on definite duration contracts in the security forces declined by 85.9%, from 269 to 38, following contract expirations in July 2025.

Year-To-Date Trends And Terminology Update

For January–March, civil service employment declined by 0.9%, while education increased by 1.9%. Security forces recorded a 0.2% decrease. Permanent staff increased by 0.2%, and indefinite contracts rose by 1.6%. Definite duration contracts and hourly paid roles declined by 1.2% and 0.4%. Cystat replaced the term “government” with “state employees” starting from March 2026 without affecting historical comparability.

Apple Surpasses Nvidia As Investors Reassess The True Cost Of The AI Boom

Apple Reclaims Title As World’s Most Valuable Company

Apple has overtaken Nvidia to become the world’s most valuable publicly traded company again, highlighting a shift in investor sentiment as markets reassess the costs and returns of the artificial intelligence boom.

Apple Regains The Top Spot

Apple (AAPL) ended Monday with a market capitalization of $4.95 trillion, surpassing Nvidia (NVDA), whose valuation fell 5% to $4.77 trillion. It was the first time since April 2025 that Apple closed a trading session ahead of the AI chipmaker.

The move comes ahead of Apple’s quarterly earnings report on Thursday, which investors will closely watch for updates on the company’s AI strategy and broader business performance.

Investors Reassess AI Spending

Nvidia’s decline reflects a broader pullback in AI-related semiconductor stocks as investors increasingly scrutinize the returns on heavy infrastructure spending. The company had held the top valuation since June 2025, when it overtook Microsoft, and briefly surpassed a $5 trillion market capitalization in October.

At the same time, investor interest has broadened beyond graphics processing units to other parts of the AI supply chain, including memory and storage technologies that support expanding data center capacity. Companies such as Micron Technology (MU), SK Hynix and Sandisk (SNDK) have benefited from that shift as demand for AI-related memory and storage infrastructure continues to grow.

Apple’s Capital Strategy Draws Attention

Apple shares have gained 24% so far this year, compared with a 4% increase for Nvidia.

Investors have viewed Apple’s more measured AI spending strategy favorably. Rather than investing heavily in its own AI infrastructure, the company has relied more extensively on leased computing capacity, limiting capital expenditure while continuing to expand its AI capabilities.

The contrast comes as markets increasingly focus on how quickly large AI investments can generate sustainable financial returns.

Earnings In Focus

Apple’s earnings report could also provide an update on the impact of the global memory chip shortage, which has emerged as a growing challenge for hardware manufacturers.

The company raised prices for some Mac and iPad models in June, becoming one of the first major consumer technology companies to publicly reflect higher memory component costs.

Investors will be watching whether Apple can sustain its recent market outperformance as AI-related infrastructure costs continue to rise and supply constraints persist.

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