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Foreign Workers Concentrated At Cyprus’ Lowest And Highest Pay Bands As Earnings Rise

by THEFUTURE.TEAM

October 20, 2026

Employees in Cyprus earned more in 2025, but the figures show that wage growth remains uneven across the labour market. Median gross monthly earnings rose by 3.8% to €1,953, up from €1,881 in 2024, while average earnings increased by 4.3% to €2,591, according to the Cyprus Statistical Service (Cystat).

Average Pay Outpaces Median Earnings

The €638 gap between average and median monthly earnings highlights the uneven distribution of salaries. At roughly 33% above the median, the average is more heavily influenced by high earners, while the median provides a clearer picture of the typical employee’s position: half of workers earn less and half earn more.

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Cystat’s breakdown shows that the largest share of employees, 13%, earned between €1,000 and €1,249 a month before deductions. Another 11.4% earned between €1,500 and €1,749, while 11.2% fell into the €1,250 to €1,499 bracket. Overall, 24.2% of employees earned less than €1,500 per month, highlighting the continued importance of wage growth as households face higher living costs.

Gender Differences Persist Across Pay Bands

Women were more heavily represented in lower earnings brackets. Their share exceeded men’s by 3.3 percentage points among employees earning €1,000 to €1,249 a month, rising to a 3.5-point gap in the €1,250 to €1,499 bracket.

At the other end of the scale, men accounted for a share of employees earning €6,000 or more that was 3.1 percentage points higher than the corresponding proportion for women.

Finance Leads Sectoral Earnings

Average gross monthly earnings varied considerably by industry, ranging from €956 in agriculture, forestry and fishing to €5,038 in financial and insurance activities. Every sector recorded annual growth in 2025, although the pace differed.

Mining and quarrying posted the strongest increase, at 10.3%, followed by information and communication at 7.7% and financial and insurance activities at 7%. Cystat cautioned that mining and quarrying employs relatively few people, making its figures more sensitive to changes in individual salaries.

Cypriot Employees Record Higher Median Pay

Nationality was another clear dividing line in the earnings data. Cypriot employees recorded median gross monthly earnings of €2,145, compared with €1,597 for non-Cypriot workers. The figures represented annual increases of 4.5% and 3.4%, respectively.

Average earnings followed a different pattern, with Cypriot employees earning €2,625 a month, up 4.7%, while non-Cypriot employees earned €2,524, an increase of 3.7%. The smaller gap in average pay illustrates how the distribution of higher salaries can affect comparisons.

Non-Cypriot workers were more heavily represented than Cypriot employees at both ends of the earnings scale: among those earning less than €1,500 a month and among those receiving €6,000 or more.

Sector Gaps Are Wider Among Non-Cypriot Workers

Differences between industries were even more pronounced when earnings were broken down by nationality. Among Cypriot employees, average gross monthly pay ranged from €1,744 in agriculture, forestry and fishing to €4,383 in financial and insurance activities.

For non-Cypriot workers, the range was substantially wider, from €664 in agriculture, forestry and fishing to €6,649 in financial and insurance activities.

The figures highlight how earnings in Cyprus vary not only by sector but also by the composition of the workforce. Taken together, median salaries, average pay and the distribution across income brackets offer a more complete picture of the labour market than any single headline figure.

The Future Forbes Realty Global Properties

€50 Million Luxury Resort Planned For Ayia Napa

by THEFUTURE.TEAM

October 22, 2026

Ayia Napa could strengthen its position in the premium tourism market with a proposed €50 million mixed-use resort combining a hotel, serviced apartments, luxury bungalows and a beach club.

Aesara Investments Ltd has submitted an information form to the Department of Environment for a development to operate under the name Atlantica Wavemaster Hospitality. The project is planned for the Limnara area of Ayia Napa, along the coast south of Kryou Nerou Avenue, between the town centre and Cape Greco.

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Hotel, Apartments And Luxury Bungalows

The proposed resort will include a 324-room hotel with capacity for 648 guests, alongside a condo-hotel building containing 20 one- and two-bedroom apartments. Facilities are planned to include restaurants, bars, cafés, a spa with an indoor pool, a gym, shops, a multipurpose hall, a children’s club and a cinema.

A further 33 three-level luxury bungalows, each designed for two guests and featuring a private swimming pool, are planned for the southern part of the site. A beach club with a restaurant and an outdoor pool complex covering more than 6,300 square metres will also form part of the development.

The project includes 321 parking spaces, including 12 for people with disabilities, and 14,196 square metres of landscaped green space featuring local plant species.

Seasonal Hotel Operations And Year-Round Residences

The hotel is expected to operate from March to November, with peak occupancy during the summer season. The condo-hotel apartments, meanwhile, will be available for sale or long-term rental and intended for year-round residence. Owners and tenants will also have access to the resort’s facilities, including its pools, restaurants and fitness areas.

Construction is expected to take 24 months once the required permits are secured. At the busiest stage, the project could employ around 100 workers per day.

Environmental Restrictions Near Cape Greco

The site’s proximity to protected Natura 2000 areas has prompted strict environmental requirements. The Cape Greco Special Protection Area borders the site to the south, while a Special Area of Conservation lies approximately 50 metres away.

Conditions imposed by the Department of Environment include a maximum building height of five floors, or 18.5 metres, and restrictions on permanent structures near the coastline. The project must also use spider-web type glazing and low-intensity lighting to minimise disturbance to local birdlife.

According to the project’s consultants, the design has been prepared to comply with the environmental conditions and the final report on cumulative impacts for the Cape Greco Special Protection Area. The hotel and apartment building are positioned in the central and northern parts of the plot, away from the shoreline.

Within the designated no-build zone, located 40 metres from the boundary of the beach protection zone, only swimming pools are planned. The consultants state that these are not expected to affect protected species in the area.