Cyprus Ministry of Labour presents 2025-2026 performance report

Minister of Labour and Social Insurance, Marinos Mousiouttas, presented the ministry's progress report for 2025 and the first quarter of 2026. The report states that the employment rate in Cyprus reached 81.3% in 2025, meeting the national target for 2030 five years ahead of schedule. The number of registered unemployed fell to 10,152, representing a 7.9% decrease compared to 2024. Unemployment for 2025 stood at 4.4%, remaining below the European Union average of 6%. Youth unemployment also declined to 13.5%, marking the first time since 2011 that it remained below the European average for two consecutive years. Economic data indicates the average monthly wage rose to €2,605 in 2025, while the median wage reached €1,968, reflecting growth compared to 2022. Additionally, the national minimum wage was revised to €1,088 in January 2026, impacting approximately 39,000 workers. The ministry highlighted these results as evidence of successful efforts to link economic performance with social protection.