Breaking news

Nicosia Rises: Among Europe’s Top Cities Of The Future In 2025

Nicosia has secured its place among Europe’s most promising cities, earning top spots in fDi Intelligence’s “European Cities and Regions of the Future 2025” ranking. The Cypriot capital is making waves as an emerging hub for innovation, investment, and quality of life.

According to this report, the city ranked 2nd among Europe’s Best Small Cities for Human Capital and Lifestyle and 10th in FDI Strategy, a key metric assessing efforts to attract foreign direct investment.

Mayor Charalambos Prountzos hailed the recognition as a milestone in Nicosia’s transformation: “This achievement reflects our commitment to fostering innovation, attracting investment, and enhancing the quality of life for residents and visitors alike.”

The ranking places Nicosia in the company of renowned European cities such as Oxford, Linz, and Geneva—a testament to its growing global stature. The city’s strategy includes targeted initiatives to boost research, innovation, and entrepreneurship while also enhancing smart infrastructure and revitalizing its historic core.

The “European Cities and Regions of the Future” ranking evaluates locations based on economic performance, business accessibility, human capital, and long-term investment strategies—key areas where Nicosia is making a lasting impact.

Cyprus Emerges As A Leading Household Consumer In The European Union

Overview Of Eurostat Findings

A recent Eurostat survey, which adjusts real consumption per capita using purchasing power standards (PPS), has positioned Cyprus among the highest household consumers in the European Union. In 2024, Cyprus recorded a per capita expenditure of 21,879 PPS, a figure that underscores the country’s robust material well-being relative to other member states.

Comparative Consumption Analysis

Luxembourg claimed the top spot with an impressive 28,731 PPS per inhabitant. Trailing closely were Ireland (23,534 PPS), Belgium (23,437 PPS), Germany (23,333 PPS), Austria (23,094 PPS), the Netherlands (22,805 PPS), Denmark (22,078 PPS), and Italy (21,986 PPS), with Cyprus rounding out this elite group at 21,879 PPS. These figures not only highlight the high expenditure across these nations but also reflect differences in purchasing power and living standards across the region.

Contrasting Trends In Household Spending

The survey also shed light on countries with lower household spending levels. Hungary and Bulgaria reported the smallest average expenditures, at 14,621 PPS and 15,025 PPS respectively. Meanwhile, Greece and Portugal recorded 18,752 PPS and 19,328 PPS, respectively. Noteworthy figures from France (20,462 PPS), Finland (20,158 PPS), Lithuania (19,261 PPS), Malta (19,622 PPS), Slovenia (18,269 PPS), Slovakia (17,233 PPS), Latvia (16,461 PPS), Estonia (16,209 PPS), and the Czech Republic (16,757 PPS) further illustrate the disparate economic landscapes within the EU. Spain’s figure, however, was an outlier at 10,899 PPS, suggesting the need for further data clarification.

Growth Trends And Economic Implications

Eurostat’s longitudinal analysis from 2019 to 2024 revealed that Croatia, Bulgaria, and Romania experienced the fastest annual increases in real consumer spending, each growing by at least 3.8%. In contrast, five member states, with the Czech Republic experiencing the largest drop at an average annual decline of 1.3%, indicate a varied economic recovery narrative across the continent.

This comprehensive survey not only provides valuable insights into current household consumption patterns but also offers a robust framework for policymakers and business leaders to understand economic shifts across the EU. Such data is integral for strategic decision-making in markets that are increasingly defined by evolving consumer behavior and regional economic resilience.

SWC Finals V
The Future Forbes Realty Global Properties
Uri Levine Course vertical

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter