Employment Growth And Rising Earnings: Cyprus Q2 2025 Performance

by THEFUTURE.TEAM

September 5, 2025

Robust Increase In Employment

Cyprus recorded a notable 1.8 per cent rise in employment in the second quarter of 2025 compared to the same period in 2024. Provisional figures from the Statistical Service (Cystat) indicate that total employment reached 508,291, comprising 455,484 employees and 52,807 self-employed individuals. Key sectors driving this expansion include information and communication, wholesale and retail trade, and accommodation and food service activities.

Operational Hours Surge

The economic momentum was further underscored by a 2.2 per cent year-on-year increase in actual hours worked, totaling 236,196. This growth in labor input was predominantly concentrated in the same sectors that experienced significant employment gains, highlighting their critical role in the local economy.

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Rising Earnings Signal Economic Resilience

In addition to employment gains, Cyprus observed a 5.4 per cent increase in average gross monthly earnings in the first quarter of 2025. Earnings climbed to €2,509 from €2,382 a year earlier, with seasonally adjusted data reflecting a 1.4 per cent rise from the fourth quarter of 2024. Male employees averaged €2,689 while female employees averaged €2,284, marking annual increases of 5.2 per cent and 5.5 per cent respectively.

Labour Market Stability Amid Fluctuating Unemployment

Despite two consecutive monthly increases in registered unemployment—rising to 11,556 by the end of August 2025 with a seasonally adjusted figure of 10,225—the overall unemployment rate declined by 4.3 per cent compared with August 2024. Further reinforcing this trend, Eurostat data placed Cyprus’ jobless rate at 5 per cent in July, comfortably below the euro area average of 6.2 per cent.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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