Nicosia, Cyprus. The Cypriot economy has shown strong resilience despite rising geopolitical uncertainty, Employers and Industrialists Federation (Oev) president George Pantelides said. He warned that high energy costs, delayed reforms and labour shortages continue to limit growth prospects.
Oev assessment ahead of annual general meeting
Speaking to Politis ahead of the federation’s annual general meeting on Tuesday, Pantelides said the economy had maintained positive growth rates, stabilised public finances and strengthened investment activity, indicating that Cyprus’ economic model had adapted to a demanding international environment.
He attributed a decisive role in this resilience to the flexibility and adaptability of Cypriot enterprises and to the gradual diversification of the economy into higher value-added sectors, including services, technology and energy.
Pantelides said the positive picture should not obscure structural weaknesses still weighing on the country’s prospects.
Cystat reports rise in 2025 earnings and highlights median gap
Average monthly earnings of employees in Cyprus rose to €2,605 in 2025, according to a report based on provisional data published by the state statistical service (Cystat).
The median salary stood at €1,968, highlighting disparities in income distribution. The report noted that average earnings can be skewed by high earners, while the median reflects the midpoint.
Data for the fourth quarter of 2025 indicated that average gross monthly earnings reached €2,932, compared with €2,810 in the same quarter of 2024, marking a 4.4 per cent increase.
Columbia Group appoints new leadership
Columbia Group appointed Andreas Hadjipetrou as its new Chief Executive Officer and named Demetris Chrysostomou as Deputy Chief Executive Officer, the company said.
Hadjipetrou, a longstanding member of the organisation, has been with Columbia for nearly 30 years and most recently served as Chief Commercial Officer.
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