Opens in a new tab

Breaking news

Electric And Hybrid Vehicles Strengthen Cyprus’ Automotive Market In 2025

According to recent data released by Cystat, Cyprus witnessed a robust 4.2 percent increase in total motor vehicle registrations during the first ten months of 2025, climbing from 42,930 to 44,732 units. This growth underscores the island nation’s evolving automotive landscape as consumer demand shifts towards greener technologies.

Rising Demand For Low-Emission Technologies

The report highlights that passenger saloon car registrations grew by 4.0 percent, reaching 34,782 units. A notable detail is that 37.2 percent of these vehicles are brand new, while the remaining 62.8 percent are pre-owned. Moreover, rental car registrations surged by an impressive 33.8 percent to 4,866 units. Such trends indicate that both individuals and businesses are increasingly favoring environmentally friendly vehicle options.

Hybrid And Electric Models Gain Ground

A deeper dive into the data reveals a discernible consumer tilt away from traditional fuels. The market share of petrol-powered passenger cars dropped to 42.5 percent from 49.5 percent, with diesel models also receding to 8.6 percent from 10 percent. In contrast, electric cars experienced a modest growth from 3.8 percent to 4.8 percent, and hybrids soared from 36.7 percent to 44.1 percent. Nearly half of all new passenger saloon car registrations thus comprise hybrid or fully electric models, a milestone that signals Cyprus’ commitment to low-emission mobility.

Growth Across Commercial Vehicle Segments

Commercial segments were not left behind. Motor coaches and buses increased from 125 to 167 units, while the goods conveyance category expanded by 6.6 percent, reaching 5,142 units. Within this segment, rental vehicles, light goods vehicles, and heavy goods vehicles recorded gains of 23.3 percent, 6.6 percent, and 3.1 percent respectively. Notably, road tractors maintained steady numbers, and motorcycles over 50cc increased by 17.0 percent, reflecting diversified growth across all vehicle types. Conversely, mopeds under 50cc saw a significant decline, falling from 627 to 190 units.

October 2025: A Snapshot Of Accelerated Growth

Focusing on October 2025, total vehicle registrations reached 4,520—a 9.9 percent increase from October 2024’s 4,111 units. Passenger saloon cars alone spiked by 11.7 percent, further underscoring the sustained momentum of the market.

Conclusion: Steering Towards A Sustainable Future

The latest figures clearly indicate that consumer preferences in Cyprus are undergoing a powerful transformation, increasingly favoring hybrid and electric vehicles over traditional petrol and diesel models. This shift not only supports the nation’s environmental goals but also positions Cyprus’ automotive market at the forefront of low-emission innovation in the region.

Capital Maritime Finance Raises €300 Million In Athens IPO

Capital Maritime Finance has raised €300 million through its stock market debut in Athens, marking Greece’s largest maritime equity offering and the first primary listing of a shipping company exclusively on Euronext Athens.

Strong Investor Demand For Shipping Shares

The initial public offering attracted strong interest from Greek and international investors, with demand exceeding the shares available by 4.34 times, according to Euronext. Shares were priced at €7.50 each, giving the container shipping company a market capitalisation of €1.05 billion on its first day of trading under the ticker CMFC.

The response highlights investor interest in shipping companies with modern fleets, predictable earnings and long-term charter agreements, which can provide greater revenue visibility in a cyclical industry.

Fleet Expansion Supports Growth Strategy

Capital Maritime Finance currently operates 13 vessels with a combined capacity of 27,891 twenty-foot equivalent units (TEU). A further 23 container ships are under construction and will add 120,874 TEU to its fleet.

Once all vessels have been delivered, the company will operate 36 fully owned container ships, all covered by long-term charter agreements extending to 2038. These contracts provide greater visibility over future revenue, helping mitigate some of the uncertainty associated with fluctuations in vessel values and freight rates.

IPO Increases Share Capital

The offering included the issuance of 40 million new shares, bringing the company’s total share capital to 140 million shares. All shares have been admitted to trading on Euronext Athens.

A Milestone For Greece’s Maritime Market

Capital Maritime Finance chairman Gerasimos Kalogiratos described the strong investor response as “a vote of confidence” in the company’s business model, modern fleet and expansion strategy. He added that the listing “strengthens Greece’s position as a global maritime hub.”

The transaction marks the third shipping company listing on Euronext Athens in 2026 and the 70th listing across Euronext’s markets this year. It also highlights the role of equity markets in financing capital-intensive industries such as shipping.

The Future Forbes Realty Global Properties
Uol
Aretilaw firm
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter