Nicosia, Cyprus. Average monthly earnings in Cyprus rose in the third quarter of 2025, while tourism officials stressed the need for vigilance amid regional volatility and Eurobank renewed its cooperation with Cyprus Seeds.
Earnings increase in third quarter
Average gross monthly earnings of employees reached €2,452 between July and September 2025, according to the Cyprus Statistical Service (Cystat), up from €2,352 in the third quarter of 2024, marking a 4.3 per cent increase year-on-year.
Cystat said the relatively high average continues to be influenced by a small proportion of high earners, while a large share of employees earn significantly less, highlighting persistent income disparities across the labour market.
Seasonally adjusted data showed average earnings rose by 0.7 per cent compared with the second quarter of 2025.
Tourism outlook and cautions
Christos Angelides, general director of the Cyprus Hotel Association (Pasyxe), said Cyprus continues to project a positive image as a tourism destination but that “constant vigilance” remains necessary due to geopolitical volatility in the wider region.
Speaking to Entrepreneurial Limassol, a periodical published by the Limassol Chamber of Commerce and Industry (Evel), Angelides said Cyprus’ security, hospitality, natural wealth and cultural heritage are “excellent tools” enabling the country to offer “high-quality experiences” to a broad range of visitors.
He described 2024 as “a landmark year” for Cypriot tourism, with arrivals exceeding four million and tourism revenues recording a historic high.
Angelides also cautioned that “arrivals do not necessarily translate into hotel reservations”, noting that part of visitor flow is directed to unlicensed accommodation or to the occupied areas.
Eurobank renews Cyprus Seeds cooperation
Eurobank announced on Wednesday that it renewed its cooperation agreement with the non-profit organisation Cyprus Seeds for a seventh consecutive year in January 2026.
The bank said the partnership reaffirms its long-term commitment to innovation, scientific excellence and entrepreneurship in Cyprus, aiming to support the commercialisation of innovative scientific research produced by universities, research institutes and Centres of Excellence across the country.
What do you think the latest earnings figures and tourism trends indicate about Cyprus’ economic outlook?
