Youth Unemployment And Education Gap In Cyprus

Recent Eurostat data reveal that 13.8% of young people in Cyprus, aged 15 to 29, were neither employed nor in education or training (NEET) in 2023. This figure, although showing a decline from the 20.4% recorded in 2013, remains higher than the EU average of 11.2%. Cyprus ranks fifth highest in NEET rates within the EU. The European Pillar of Social Rights aims to reduce NEET rates to 9% by 2030, a target already achieved by several EU countries.

Despite a decrease of 0.9 percentage points from 2022, Cyprus continues to face challenges in integrating young people into the workforce or educational systems. The persistent NEET rate underscores the need for targeted policies and programs to address the barriers preventing youth from engaging in employment or education.

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The Cypriot government, in collaboration with the European Union, is working on various initiatives to tackle this issue. These include vocational training programs, apprenticeships, and initiatives aimed at improving access to higher education and job opportunities for young people. The goal is to equip the youth with the necessary skills and qualifications to meet the demands of the modern labour market.

Economic and Social Implications

High NEET rates have significant economic and social implications. Young people who are neither working nor studying are at a higher risk of social exclusion, poverty, and long-term unemployment. Addressing this issue is crucial for fostering a more inclusive and resilient economy.

As Cyprus strives to meet the 2030 target, continuous efforts are needed to reduce the NEET rate further. This involves not only government action but also the participation of businesses, educational institutions, and the community in creating an environment that supports youth engagement in productive activities.

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Apple’s Memory Squeeze: Strategic Challenges Amid Soaring AI Demand

by THEFUTURE.TEAM

May 1, 2026

During a period of strong earnings across the technology sector, rising memory costs have become a recurring theme for major companies.

Apple CEO Tim Cook said during the second-quarter earnings call that memory costs are expected to have an increasing impact on the business, pointing to supply constraints alongside growing demand linked to artificial intelligence infrastructure.

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Memory Constraints Drive Strategic Recalibration

Apple reported revenue above expectations and provided positive guidance, while also highlighting pressure from supply limitations. Cook noted that the impact was limited in the December quarter but became more visible in the March period. For the June quarter, he indicated that some Mac models may be affected due to sustained demand, adding that the company is considering a range of options in response to cost increases.

Similar dynamics have been reported by other companies. Meta and Microsoft both cited higher memory costs as a factor in rising capital expenditure plans. Amy Hood said memory-related costs could account for $25 billion within the company’s projected $190 billion capital expenditure plan for 2026.

Industry-Wide Supply Pressures

Demand for high-performance chips continues to increase, particularly for AI applications, where memory requirements are higher. Companies such as Nvidia are producing chips that require larger memory capacity, while suppliers including Micron Technology, Samsung Electronics, and SK Hynix are expanding output. At the same time, allocation of memory to data centres and AI infrastructure is affecting availability for consumer devices, including PCs and smartphones.

Strategic Options Amid Rising Costs

Analysts are assessing how companies may respond to rising costs. William Kerwin suggested that longer-term supply agreements could help stabilise pricing, while other approaches may include adjustments to product configurations, selective price changes, or absorbing part of the cost within margins. Additional commentary from Laura Martin and Gil Luria points to broader industry adjustments as companies respond to supply constraints.

Outlook: Managing Supply And Demand Pressures

Apple has so far avoided immediate price increases, including in recent product updates such as the iPhone lineup, iPad models, and Mac devices. At the same time, memory availability and pricing remain key factors for upcoming quarters, as companies balance demand for AI infrastructure with supply conditions across the semiconductor market.

Conclusion

Developments around memory supply and pricing are becoming a central factor in how technology companies plan production, investment, and pricing. These dynamics are reflected across earnings reports and are likely to remain part of industry discussions as demand for AI-related infrastructure continues to grow.

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