In early 2024, Cyprus saw a 5.1% surge in government employment, totaling 54,835 employees, marking a 2,684 increase from the previous year. This growth highlights a push for stability and enhanced public services quality, showcasing the government’s commitment to longterm progress.
In March 2024, Cyprus government employment hit 54,751, showing a preference for permanent roles across Civil, Educational, and Security Services. With 32,070 permanent staff on average, job security remains a key focus, shaping the stability and efficiency of public sector operations.
Unemployment rates in Cyprus dropped by 13.8% in February 2024, with the number of registered unemployed individuals decreasing from 14,304 to 11,687. This marks a positive trend in the job market, showcasing a strong recovery and resilience across key economic sectors.
Authorities in Pafos are cracking down on illegal employment through joint inspections by Police and Ministry of Labor officials, with recent arrests and penalties for violators. This coordinated effort demonstrates a commitment to enforcing labor laws and ensuring worker rights in the region.
The latest trends in government employment in Cyprus show an increase of 1.6% in November 2023, with a rise of 867 employees. Temporary positions, especially in educational services, have surged due to policy changes, despite a decline in permanent staff by 722 individuals. The educational sector saw the most significant temporary staff increase at 34.7%. Additionally, the Cyprus Shipping Chamber participated in the “Shaping the Future of Shipping: Delivering a Net Zero World Summit,” highlighting the country’s commitment to a sustainable and carbonneutral shipping industry. Meanwhile, the Cyprus Stock Exchange encountered a downturn, with losses reported in the market.
Cyprus Airways has launched direct flights connecting Larnaca and Brussels International Airport, increasing European connectivity and opening up opportunities for both business and leisure travelers. The mortgagetorent scheme initiated by Kedipes has seen substantial interest, offering innovative solutions to struggling homeowners and providing stability to the housing market.
In October 2023, government employment in Cyprus increased by 0.5%, reaching a total of 53,554 employees. The Education Service experienced a significant rise in temporary staff, with a 24.2% increase for the academic year 20232024. Meanwhile, the upcoming “Future of Fintech Summit” organized by Forbes Cyprus promises to bring together notable industry figures for engaging talks and discussions. The Cyprus Stock Exchange faced losses, and residents were alerted to heavy rainfall.
