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Cyprus Cuts Public Debt To 55.0% Of GDP, Leading EU In Q4 2025

Impressive Fiscal Performance

Cyprus recorded one of the strongest reductions in public debt among EU member states in the fourth quarter of 2025, according to data published by Eurostat. The debt-to-GDP ratio declined to 55.0%, while in absolute terms, public debt stood at €20.078 billion. This compares with €21.696 billion in the previous quarter and €21.814 billion in Q4 2024, indicating both quarterly and annual improvement.

Deeper Dive Into Debt Metrics

The quarterly decline amounted to 5.3 percentage points compared with Q3 2025. On an annual basis, the reduction reached 7.7 percentage points versus the same period a year earlier. These figures place Cyprus among the leading EU performers in reducing debt relative to economic output.

EU And Eurozone Debt Trends

At the broader European level, the EU’s debt-to-GDP ratio decreased slightly to 81.7% in Q4 2025 from 82.0% in the previous quarter. Within the euro area, the ratio declined to 87.8% from 88.4% over the same period. Compared with Q4 2024, however, both indicators moved higher, with the EU rising from 80.7% and the eurozone from 87.0%.

Composition And Comparative Analysis

According to Eurostat, public debt across the EU is primarily composed of debt securities, which account for 83.5% of total obligations. Loans represent 14.2%, while monetary balances and deposits contribute 2.4%. Significant differences remain across member states. Greece, Italy, France, Belgium and Spain recorded the highest debt ratios at the end of 2025. In contrast, lower levels were observed in Estonia, Luxembourg, Denmark and Bulgaria.

Quarterly And Annual Movements Across The EU

Across the EU, twelve member states recorded an increase in their debt-to-GDP ratios every quarter, while fourteen posted declines and one remained unchanged. The largest quarterly increases were seen in Latvia and the Netherlands. At the same time, the most notable declines were recorded in Portugal, Cyprus, Greece and Spain.

On an annual basis, nineteen countries reported higher debt ratios, while eight recorded decreases. The most pronounced increases were observed in Finland, Bulgaria, Poland, Romania, Belgium, France and Italy. In contrast, the largest reductions were seen in Greece, Cyprus, Ireland, Portugal and Denmark.

Solid Fiscal Surplus In Cyprus

Cyprus also recorded a seasonally adjusted fiscal surplus of 4.0% of GDP in Q4 2025. This compares with an overall EU deficit of 3.2% of GDP. Over the course of the year, the country maintained positive fiscal balances, with surpluses of 5.0% in Q1, 1.8% in Q2, 2.8% in Q3 and 4.0% in Q4. Within the euro area, the general government deficit narrowed slightly to 3.0% of GDP in Q4 from 3.1% in Q3, while the EU deficit increased marginally to 3.2%.

EU Revenue And Spending Trends

Total government revenues across the EU reached 46.8% of GDP in Q4 2025, compared with 46.5% in the previous quarter. Government expenditures rose from 49.6% to 50.0% of GDP. Similar trends were recorded in the euro area, where revenues stood at 47.3% and expenditures at 50.3% of GDP.

Women Make Up A Majority Of The EU’s Science And Technology Workforce But The Real Gap Is Elsewhere

Women now make up the majority of the EU’s science and technology workforce. According to Eurostat, in 2025, more than 81.6 million people aged 15 to 74 were employed in science and technology occupations across the EU. Of those, 52.5% were women, equal to 42.8 million women. The number of women in these occupations rose by 27.9% compared with 2015, an increase of more than 9.3 million over a decade.

On the surface, the numbers resemble progress. However, Eurostat’s category requires context before that figure can be read accurately. The data refers to HRST, or Human Resources in Science and Technology, specifically people employed in science and technology occupations. These are roles where the main tasks require professional or technical knowledge in physical and life sciences, but also in social sciences and humanities. That definition is wider and broader than engineering, ICT, laboratory science, or high-tech research alone.

Zooming In

The gender picture changes once the data moves from a wider definition of the workforce to the narrower scientist-and-engineer (research and manufacturing) subgroup.

Scientists and engineers represented almost a quarter of all people employed in science and technology in the EU in 2025. Eurostat describes scientists and engineers as often being the innovators at the centre of technology-led development, making them an important subgroup to focus on separately.

Women accounted for only 40.8% of scientists and engineers in 2025, despite making up more than half of the wider category. That share has increased by a mere 0.5 percentage points over the past decade. The absolute number of women working as scientists and engineers rose from 5.3 million in 2015 to 8.2 million in 2025, despite the push from national and international organisations to increase the number of women in the field. Europe has expanded the number of women in science and technology occupations over ten years. However, that expansion has not extended equally into the scientist-and-engineer subgroup, where much of Europe’s research and innovation work is conducted.

In 2025, of the 39.4 million women aged 25 to 64 working in science and technology occupations in the EU, 35.5 million worked in service activities. Only 2.7 million worked in manufacturing. Women accounted for 57.5% of science and technology employment in services, but only 31.3% in manufacturing.

In 2025, the highest shares of women employed in science and technology occupations were recorded in Latvia at 62.4%, followed by Hungary’s Great Plain and North region at 61.1%, Estonia at 60.5%, Poland’s Central macroregion at 60.4%, and Lithuania at 60.3%. No EU country recorded a majority of women among science and technology workers in manufacturing.

Break-down

Eurostat’s figures measure employment in broad science and technology occupations. They do not show job security, pay levels, management roles, promotion rates, research leadership, or whether women are concentrated in junior or senior workplace positions.

The classification of “senior” also requires additional explanation. Eurostat reports that 45.9% of science and technology workers aged 25 to 64 in the EU were classified as “senior” HRST in 2025. In this dataset, “senior” refers to workers aged 45 to 64. It does not mean senior manager, senior researcher, team lead, or decision-maker.

A high female share in the wider Human Resource Science and Technology (HRST) category does not parallel equal representation across scientists, engineers, manufacturing roles, senior posts, pay, research funding, or decision-making. These figures also reflect the occupational mix inside each country or region, not only structural progress across all areas of science and technology.

The Case Of Cyprus

Eurostat data places Cyprus’s overall science and technology employment at 37.2% of the labour force in 2025, slightly above the EU-27 figure of 36.9%, and above Greece at 26.8%, Malta at 33.9%, and Turkey at 18.2%. This figure covers the total share of the labour force employed in science and technology across all genders.

Progress Or Work-in-Progress?

52.5% in the broad category. 40.8% among scientists and engineers. 31.3% in manufacturing. Europe’s gender gap in science and technology hasn’t closed yet, and there is still work to be done to encourage and support more women to enter the field, especially in research and manufacturing.

Let’s not wait another decade for another couple of percentage points of hope.

Uol
The Future Forbes Realty Global Properties
eCredo
Aretilaw firm

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