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Eurobank Research Wins Cyprus Forecasting Award For Second Straight Year

by THEFUTURE.TEAM

Outstanding Achievement In Macroeconomic Forecasting

Eurobank Research, the renowned Economic Analysis and Research Unit of Eurobank, has been officially recognized as Cyprus’ leading forecaster for a second consecutive year at the Focus Economics Analyst Forecast Awards 2026. This accolade comes amid stiff competition from established international and domestic financial institutions, underscoring the bank’s unrivaled analytical depth and operational excellence.

Excellence Across All Key Indicators

The award, which encompasses assessments of critical macroeconomic indicators such as gross domestic product (GDP), unemployment, inflation, fiscal balance, and current account balance, demonstrated the consistent performance of Eurobank Research. The unit not only clinched the overall top ranking but also secured first place across most individual categories, reinforcing its position as the primary reference for economic analysis in Cyprus.

Methodical Approach And Forward-Looking Analysis

Eurobank Research’s success reflects its methodical approach and deep understanding of both local and global economic trends. Maintaining an unyielding commitment to precision, the bank has provided institutional clients and investors with high-caliber financial analysis, enabling them to navigate an ever-changing economic landscape. This disciplined strategy has been pivotal during periods marked by continuous shifts in global economic dynamics.

Commitment To Economic Growth And Stability

The latest accolades reaffirm Eurobank’s longstanding dedication to supporting economic growth and addressing unforeseen financial developments and risks. By delivering reliable and scientifically credible forecasts, Eurobank Research continues to drive confidence among market participants and remains a cornerstone in the realm of economic research across Cyprus.

This achievement not only highlights the bank’s exceptional analytical capabilities but also reinforces its reputation as a thought leader in macroeconomic forecasting, further solidifying its vital role in the financial services industry.

Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

by THEFUTURE.TEAM

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.

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