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October 2025

Average Gross Monthly Earnings Rise by 5.1% in 2024

Nicosia: The average gross monthly earnings of employees for 2024 increased to £2,483, marking a 5.1% rise compared to £2,363 in 2023. This increase follows a previous rise of 7.3% in 2023. The median gross monthly earnings for employees were recorded at £1,881. According to Cyprus News Agency, the Statistical

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IMF Revises Cyprus’ Growth Forecast Upwards for 2025 and 2026

Nicosia: The International Monetary Fund (IMF) expects a higher growth rate for Cyprus for 2025 and 2026 in its October edition of the World Economic Outlook (WEO) compared with the estimates included in the April edition. Specifically, it projects that the growth rate will reach 2.9% of GDP in 2025

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