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Brussels Puts Housing Affordability At The Centre Of Social Policy

Preventing homelessness and expanding access to affordable housing topped the agenda in Brussels this week as the European Parliament’s Employment and Social Affairs Committee (EMPL) discussed new EU measures to tackle housing exclusion.

The debate comes as Cyprus continues to report a lower-than-average risk of poverty and social exclusion, despite growing housing pressures across Europe.

Housing Rises On The EU Agenda

The committee focused on preventing homelessness, supporting people in insecure housing and expanding social and affordable housing.

EMPL Chair Li Andersson said homelessness should be treated not only as a housing issue but also as a matter of social inclusion and prevention. Although housing policy remains largely a national responsibility, she said the EU can support member states through coordination and the sharing of best practices.

Ciaran Mullooly, vice-chair of Parliament’s housing committee, said the proposal, presented alongside the EU’s first anti-poverty strategy, reflects the growing importance of housing within European social policy.

He noted that 92.7 million people, or 20.9% of the EU population, were at risk of poverty or social exclusion in 2025, while around one million people were homeless. House prices have risen by more than 60% across the EU over the past decade, while rents have increased by more than 20%.

The proposal promotes early intervention, eviction prevention, Housing First policies and greater investment in social and affordable housing. It also calls for stronger support for vulnerable groups and would introduce five-year reviews to monitor progress.

Cyprus Remains Below The EU Average

According to the latest Eurostat data, 17.1% of Cyprus’ population, or around 167,000 people, were at risk of poverty or social exclusion in 2025, compared with the EU average of 20.9%.

Women remained more exposed than men, while severe material and social deprivation fell to 2.2%. Cyprus also recorded the EU’s second-lowest child poverty or social exclusion rate at 14.8%, although older people continued to face a significantly higher risk than the EU average.

The debate reflects a broader shift in EU policy, with housing affordability increasingly viewed as a social challenge requiring earlier intervention and stronger public support, rather than solely a housing market issue.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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