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Greek Maritime Sector Sets Benchmark For Female Employment Beyond European Averages

At the 89th Thessaloniki International Fair, Greece took center stage by unveiling a groundbreaking study on international best practices for enhancing women’s participation in maritime careers. Spearheaded by the maritime employees’ pension fund (NAT), the research signals a pivotal move towards increasing female representation in an industry historically dominated by men.

Emerging Leadership And Strategic Initiatives

The study, referenced by Newmoney and led by Professor Gabriel Amitsis of the University of West Attica, builds on NAT’s well-established Annual Report on Maritime Employment. Notably, women currently represent 7.8 percent of Greece’s registered maritime employment—a figure that starkly contrasts with Europe’s 1.2 percent in 2021 and 2.4 percent in 2022. The report details 25 strategic measures ranging from awareness campaigns and empowerment initiatives to policies that combat gender discrimination, providing a robust framework for integrating more women into the maritime sector.

A Comparative Analysis Of Global And Regional Trends

While global benchmarks such as the IMO-WISTA Women in Maritime Survey 2024 highlight that women comprise nearly 19 percent of the overall maritime workforce, their presence as active seafarers remains below 1 percent. This persistent gap underscores the challenges that even well-represented sectors, such as maritime administration and education, face when transitioning to active sea roles. Similar trends can be observed in Cyprus, where government initiatives and public policies, including the National Strategy for Gender Equality and the Cyprus Shipping Gender Equality Award, are paving the way for enhanced female participation in shipping.

Government Endorsement And Industry Leadership

Prominent government figures have reinforced the importance of these initiatives. Labour Minister Niki Kerameus lauded Greece as a pioneer in the field, emphasizing that the nation’s female maritime presence is more than three times the international average. Deputy Minister Anna Efthymiou echoed these sentiments, calling for an adaptive social security system that not only provides benefits but also actively supports the unique needs of female seafarers.

Innovation, Sustainability, And The Future Of Shipping

Georgia Maniati, Director and President of NAT’s Board of Directors, stated that international best practices are key to unlocking new pathways for equality, innovation, and sustainability. “The shipping of the future cannot be imagined without the female seafarer,” she said, underscoring NAT’s commitment to global initiatives that promote equal participation. As regional momentum continues to build, Greece and Cyprus are setting an industry precedent, illustrating that elevating female participation is not just a measure of social equity, but also a competitive necessity in today’s dynamic global market.

Cyprus Government Surplus Rises To €1.61 Billion In First Nine Months Of 2026

Cyprus recorded a general government surplus of €1.61 billion in the first nine months of 2026, equal to 4.0% of gross domestic product, as revenue growth outpaced the rise in public spending. Higher receipts from income taxes, social contributions and value-added tax (VAT) drove the improvement, while lower capital expenditure helped restrain spending.

Preliminary figures released Tuesday by the Statistical Service of Cyprus show the surplus rose to €1.17 billion, or 3.0% of GDP, up from € 442.1 million in the same period of 2025.

Total government revenue increased 6.5% to €12.09 billion, while expenditure rose 2.9% to €10.48 billion.

Key Fiscal MeasureJanuary–September 2025January–September 2026
Total revenue€11,353.9 million€12,091.8 million
Total expenditure€10,186.2 million€10,482.1 million
Government surplus€1,167.6 million€1,609.7 million
Surplus as a share of GDP3.0%4.0%

Income Taxes And VAT Lead Revenue Growth

Taxes on income and wealth made the largest contribution to the increase in revenue. Receipts in this category climbed by €442.2 million, or 15.3%, to €3.34 billion, compared with €2.89 billion a year earlier.

Social contributions rose by €235 million, or 6.6%, to €3.78 billion. Taxes on production and imports increased by €251.5 million, or 7.2%, reaching €3.77 billion.

Net VAT receipts, after refunds, totalled €2.64 billion, up €293.1 million, or 12.5%, from €2.35 billion in the first nine months of 2025.

Some Revenue Streams Decline

Not all revenue categories moved higher. Capital transfers fell by €74.6 million to €96.7 million, while current transfers declined by €71.6 million, or 20.5%, to €278.2 million.

Revenue from services slipped 1.0% to €743.5 million. Interest and dividend receipts dropped by €37 million, or 28.6%, to €92.4 million.

Social Benefits And Personnel Costs Increase

On the expenditure side, social benefits rose by €199.6 million, or 4.9%, to €4.27 billion. Compensation of employees—which includes imputed social contributions and public-sector pensions—increased by €108.3 million, or 3.8%, to €2.99 billion.

Intermediate consumption, covering goods and services used in the delivery of public services, rose by €114.3 million, or 11.0%, to €1.16 billion. Interest payments increased by €8.7 million, or 2.6%, to €340.7 million. Current transfers were up €68.7 million, or 10.6%, at €714.7 million.

Lower Capital Spending Limits Expenditure Growth

The overall increase in spending was tempered by a decline in capital expenditure. Capital-account spending fell by €189.9 million, or 16.9%, to €936.2 million from €1.13 billion in the same period last year.

Investment in fixed capital declined by €94.1 million, or 12.1%, to €686.4 million. Other capital transfers fell by €95.8 million, or 27.7%, to €249.8 million. Subsidies also decreased, dropping by €13.9 million, or 15.5%, to €75.8 million.

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