Breaking news

Services And Transport Activity In Cyprus Increases During Q1 2026

by THEFUTURE.TEAM

June 4, 2026

Data from the Cyprus Statistical Service (Cystat) show higher turnover across several service sectors during the first quarter of 2026 compared with the same period a year earlier.

Overview Of Q1 Performance

Several key sectors recorded annual growth during the quarter. Accommodation and food service activities increased by 3.9%, while transport and storage activities rose by 3.5%. Professional, scientific and technical activities recorded a growth of 3.0%, and real estate activities increased by 2.8%.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Sector Highlights And Detailed Analysis

Within the transport sector, air transport recorded the strongest annual increase, rising 21.3% year-on-year. Land transport and pipeline activities grew by 7.3%, while warehousing and support services increased by 2.9%. Water transport and postal and courier activities moved in the opposite direction, declining by 1.0% and 0.7% respectively.

Breaking Down The Index Levels

Information and communication recorded the highest index level at 184.2 points, compared with 184.0 points in the first quarter of 2025. Administrative and support service activities, professional, scientific and technical services, real estate activities, and transport and storage also reported higher index levels than a year earlier.

Sub-Sector Dynamics And Annual Trends

Annual data also pointed to continued growth in accommodation and food service activities. The sector recorded an increase of 9.5% in 2025, with accommodation services rising by 10.3% and food and beverage service activities increasing by 8.8%. Information service activities and several categories within professional, scientific and technical services also recorded annual gains compared with the previous year.

Implications And Future Outlook

The turnover index, which uses 2021 as its base year, measures changes in current-price turnover across key sectors of the economy. Performance varied across sectors, including telecommunications, publishing and management consultancy services, highlighting differences in turnover trends across the broader services economy. Detailed datasets and methodology are available through the Cyprus Statistical Service.

The Future Forbes Realty Global Properties

Cyprus Fuel Prices Jump 20.5% As Energy Costs Rise Across The EU

Cyprus recorded a 20.5% year-on-year increase in the prices of fuels and lubricants for personal transport in May 2026, according to Eurostat data released on Monday.

The increase was broadly in line with the European Union average of 20.7%, with fuel and lubricant prices rising across all EU member states during the period.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Cyprus Tracks The EU Average

Among EU countries, the largest annual increases were recorded in Bulgaria (33.9%), Luxembourg (32.2%), Lithuania (30.8%) and Romania (30.4%). At the other end of the scale, Hungary registered the smallest increase at 3.5%, while annual growth ranged from 12.7% in Poland to 29.2% in France across the remaining member states.

Eurostat noted that fuel and lubricant prices generally declined across the EU until February 2026 before moving higher in subsequent months.

Diesel And Petrol Follow Different Paths

Across the European Union, diesel prices increased by 29% in May 2026 compared with the same month a year earlier, while petrol prices rose by 16.2%. Monthly trends, however, were more mixed. Between April and May 2026, diesel prices across the EU fell by 5.8%, whereas petrol prices increased by 0.8%.

In Cyprus, diesel prices declined by 1.5% over the same period. Although lower than in April, the decrease was less pronounced than in Germany (-11.9%), Greece (-8.5%), Estonia (-8.4%) and Ireland (-8.1%).

Petrol prices moved in the opposite direction, rising by 2.1% between April and May. A similar pattern was observed across much of the EU, with 23 member states reporting monthly increases. Italy recorded the largest monthly rise in petrol prices at 6.9%, while decreases were reported in Germany (-5.6%), Ireland (-2.0%) and Sweden (-0.7%).