Oman Achieves 8th Place In Global Entrepreneurship Index 2024

by THEFUTURE.TEAM

February 19, 2025

Oman has earned an impressive eighth-place ranking in the Global Entrepreneurship Index 2024, achieving a score of 5.7, up from 5.4 last year. The Sultanate ranks highly across 13 key indicators, which highlight various aspects of national entrepreneurship.

Key Indicators Contributing To Oman’s Success

Oman’s strong position is due to its exceptional performance across 9 entrepreneurial axes, including:

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Entrepreneur Financing: Enhanced access to funding sources for entrepreneurs.
Government Policies: Tangible government support, prioritizing startups and small businesses.
Educational Integration: Inclusion of entrepreneurship education in schools, universities, and vocational training.
Infrastructure & Market Dynamics: Access to professional infrastructure and a dynamic internal market.
Cultural & Social Support: Strong community support for entrepreneurial ventures.

ASMED’s Role In Boosting Oman’s Entrepreneurial Landscape

Oman’s Authority for Small and Medium Enterprises Development (ASMED) has been instrumental in advancing this achievement. By implementing supportive policies, facilitating startup funding, and working with public and private sector partners, ASMED has contributed significantly to the country’s entrepreneurial growth. Initiatives like improved financing for SMEs and easy access to resources have fostered a thriving startup ecosystem.

Global Recognition Of Oman’s Efforts

The Global Entrepreneurship Monitor’s annual report, renowned for evaluating global economies and their entrepreneurship ecosystems, praised Oman for its efficiency in government policies, financing programs, and business incubators. Experts acknowledged that Oman’s initiatives have raised the competitiveness of its SMEs, enhancing their global standing.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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