Breaking news

Cypriot Central Bank Governor Introduces Lean Governance Model Inspired By Bundesbank

by THEFUTURE.TEAM

October 14, 2025

Cyprus’ central bank is set to undergo a structural transformation, as Governor Christodoulos Patsalides presented a new governance model to the House Finance Committee. The revamped structure aims to enhance the bank’s operational efficiency so it can more effectively fulfill its mandate.

Modeling Efficiency: A Lean Structure

The proposed model borrows its framework from the lean operational structure of the German Bundesbank. At its core, the new governance plan establishes a six-member executive council tasked with decision-making via majority vote. With Governor Patsalides serving as council chair and the deputy governor as vice-chair, the central bank underscores a commitment to streamlined processes and clear hierarchical oversight.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Enhanced Decision-Making And Strategic Involvement

Under the new governance structure, the central bank’s decision-making process will not only feature a non-renewable seven-year term for each of the council’s six members but also ensure direct participation in European Central Bank monetary policy deliberations. This move aligns Cyprus with robust European financial practices, reinforcing its fiscal credibility on the international stage.

Looking Ahead: Navigating Economic and Financial Challenges

Governor Patsalides also addressed the House Finance Committee on key national issues, including the state budget for 2026, and the broader international and domestic economic landscapes. While the bank views the 2026 state budget positively, there is caution regarding the mounting pressure from inflexible expenditures amidst economic uncertainties.

In a candid briefing, the governor stressed that, although Cyprus maintains a resilient economy, it faces multifaceted risks. Geopolitical tensions, trade fragmentation, regional conflicts, inflated financial market valuations, cyber threats, the burgeoning crypto sector, and climate change collectively necessitate vigilant economic stewardship. The twin surpluses in both public and banking sectors are crucial buffers that must be preserved to safeguard Cyprus’ financial stability.

The Future Forbes Realty Global Properties

Women Accounted For More Than Half Of Scientists In 10 EU Regions

by THEFUTURE.TEAM

November 10, 2026

In Portugal’s Continente region, 265,100 women worked as scientists and engineers in 2025, representing 46% of the total workforce in these occupations.

Across the EU, women made up more than half of all scientists and engineers in 10 regions. Four were located in Spain, two in Portugal and one in Greece. The remaining regions were Poland’s Makroregion centralny, Sweden’s northernmost region and France’s outermost regions.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Most of these areas had relatively small numbers of scientists and engineers overall. Spain’s Noreste region was the largest, with 102,700 women in these occupations, accounting for 51% of its total workforce.

Women’s Representation Varies Across Europe

The figures highlight considerable regional differences in both the number of women working in science and engineering and their share of the overall workforce.

Cyprus remains below the EU average, with women accounting for 37.8% of scientists and engineers. However, this share is broadly comparable to that of Île-de-France, one of Europe’s largest centres of scientific and engineering employment.