Shipping as a Pillar of the Cypriot Economy
January 4, 2026
Shipping is a vital sector of the Cypriot economy, contributing over 7% to the GDP. The Department of Maritime Affairs plans strategic actions to strengthen Cyprus's position on the global maritime map. The Cypriot registry has seen steady growth, recording a 21% increase recently. Despite global challenges, Cypriot shipping shows resilience and adaptability. The Deputy Minister of Shipping emphasizes the importance of training and the inclusion of women in the sector.