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Are Cypriots The Most Life-Satisfied In The EU? A Closer Look At Happiness Across Europe

As life satisfaction levels fluctuate across Europe, Cyprus stands out with a notable increase in its citizens’ happiness scores. With a rise from 6.2 to 7.5 over the past decade, Cypriots are now among the happiest in the European Union. But are they the most satisfied? This article takes a closer look at the countries leading the life satisfaction rankings, including the surprising trends in Cyprus and Greece, as well as the challenges faced by traditionally high-ranking nations like Denmark and Sweden.

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Happiest Countries In The EU

Finland leads the pack with a score of 7.8, followed by Belgium, Austria, Romania, and Slovenia, each with a score of 7.7. These countries consistently top the life satisfaction rankings, with strong social welfare systems, high-quality healthcare, and good work-life balance contributing to their citizens’ well-being.

Countries With Declining Satisfaction

Denmark and Sweden, historically known for their high levels of happiness, have seen noticeable drops in satisfaction. Denmark’s score decreased from 8.0 to 7.5, and Sweden dropped from 7.9 to 7.5 over the past decade, reflecting growing concerns about societal pressures and changing economic conditions.

Countries With Rising Satisfaction

In contrast, Cyprus and Greece stand out for their improvements in life satisfaction. Cyprus has made a remarkable jump, increasing from 6.2 to 7.5, while Greece has risen from 6.2 to 6.9. This uptick can be attributed to economic recovery and an improvement in quality of life over recent years.

The Least Satisfied: Bulgaria

Bulgaria ranks at the bottom of the list with a score of 5.9, making it the least happy country in the EU. However, even Bulgaria has seen some improvement, increasing from 4.8 to 5.9 in the past decade.

While the life satisfaction survey focused on a simple 0-10 scale, the EU is working towards a more nuanced definition of happiness, moving beyond GDP measures. The European Commission has identified “8+1” criteria to better define the quality of life, which includes material living conditions, employment quality, health, education, leisure, social interactions, safety, governance, and the overall life experience.

doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

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