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Huawei Earns Recognition As Greece’s Top Employer For Third Year Running

Huawei has once again earned a prestigious spot among Greece’s top employers for 2025, according to the Top Employers Institute, marking the third consecutive year it has received this distinction at the national level, and the sixth year running in Europe.

This honour, awarded by the independent organisation, recognises companies worldwide for their outstanding practices in key areas including Human Resources Strategy, Work Environment, Talent Acquisition, Learning and Development, Diversity and Inclusion, and Employee well-being.

The award highlights Huawei’s unwavering commitment to creating a supportive and dynamic work environment that fosters employee growth. This is further reflected in the company’s ongoing investment in educational and professional development programmes. Huawei also continues its mission to drive digital transformation and sustainable socio-economic development, delivering meaningful benefits to Greek society as a whole.

Eliza Apostolou, HR Manager at Huawei Greece, shared: “We are incredibly proud that Huawei has been named a top employer for the third year in a row in Greece. This achievement underscores our dedication to fostering a workplace that nurtures both innovation and the well-being of our people. We thank all our employees for their contributions — this success is the result of our collective effort.”

As part of its commitment to talent development, Huawei is also amplifying its efforts to create equal opportunities in the Information and Communications Technology (ICT) sector. A key example is the continued funding of the Huawei Women in Tech training initiative. Now in its second year, this programme partners with the Public Employment Service (DYPA) and Interlei to offer skill-building opportunities to unemployed women aged 25 to 45. The goal is to enhance their digital competencies and help close the skills gap, empowering women to thrive in the modern workforce.

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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