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Cyprus Unemployment: A Slight Rise in Monthly Rates While Yearly Figures Improve

by News Editor

March 5, 2025

The latest Eurostat report shed light on the unemployment trends in Cyprus, revealing a complex yet intriguing landscape. The seasonally-adjusted unemployment rate in Cyprus edged up to 5.0% in January 2025 from 4.9% in the prior month but showed a promising decrease from 5.3% in January 2024.

While this monthly uptick might raise eyebrows, a broader perspective shows Cyprus outperforming the overall eurozone’s stability, where the unemployment rate held steady at 6.2%. The EU as a whole also reported unchanged figures from December at 5.8%. Nevertheless, when viewed annually, Cyprus manifests a noteworthy improvement, mirroring healthier trends across the region.

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Zooming into numbers, approximately 26,000 people were unemployed in Cyprus in January 2025, a rise of about a thousand from December but a reduction of the same amount compared to the previous year. For the EU and eurozone, total unemployment decreased annually by 510,000 and 547,000 people, respectively.

This statistical narrative aligns with Cyprus’s vigorous economic activities, highlighting the island’s resilience in reducing unemployment amid changing monthly dynamics.

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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.

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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.