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Cypriots Identify Key Challenges For the EU: Migration, Cost of Living, And Security

A recent Eurobarometer survey highlights that Cypriots perceive irregular migration, the cost of living, and security issues as the primary challenges facing the European Union.

Key Findings

  • Irregular Migration: 64% of Cypriots see this as the top challenge, significantly higher than the EU average of 41%.
  • Cost of Living: 48% of Cypriots are concerned about this issue, compared to 32% across the EU.
  • Security and Terrorism: 35% of Cypriots identify this as a major concern, slightly above the EU average of 29%.

Other Concerns

  • War in Ukraine: Viewed as a significant issue by 28% of Cypriots, lower than the 50% EU average.
  • Environmental Issues and Climate Change: Also cited by 28% of Cypriots, compared to 35% in the EU.

Priorities for the EU

  • Irregular Migration: 50% of Cypriots believe this should be the EU’s top priority.
  • Security and Defence: 32% see this as crucial.
  • Environment and Climate Change: 30% prioritise this area.
  • War in Ukraine: Only 12% of Cypriots view this as a top priority for the EU, reflecting a lower concern compared to other issues.

Optimism about the EU

  • Future of the EU: 59% of Cypriots are optimistic, aligning closely with the EU average of 58%.
  • Security Concerns: 73% of Cypriots worry about the EU’s security over the next five years.
  • Economic Outlook: Only 36% of Cypriots are confident in the EU’s economic future, compared to 50% across the EU.
  • Strength of Democracy: 53% of Cypriots are confident in the EU’s democratic strength, slightly below the EU average of 55%.

The survey reflects Cypriots’ heightened concerns about migration, economic stability, and security. Addressing these issues will be crucial for the EU to maintain the confidence and support of its member states’ citizens.

Chime’s Nasdaq Debut: A 37% Leap in the Fintech Arena

Chime set to debut on Nasdaq

On June 12, 2025, Chime had a groundbreaking debut on Nasdaq, where its shares surged by an impressive 37%. Initially priced above the expected range at $27, the shares closed the day at $37.11, setting a new market cap of $13.5 billion. From a valuation of $25 billion in its last venture round, this IPO marks a recalibration for Chime amidst evolving market dynamics.

The offering raised roughly $700 million, with an additional $165 million from existing shareholders. Despite the lower valuation, CEO Chris Britt highlights Chime’s commitment to serving Americans earning $100,000 or less, often overlooked by traditional banks. “We help our members avoid fees, access liquidity, and build savings,” Britt stated confidently.

Chime’s strong revenue momentum, with $518.7 million reported last quarter and a revenue increase by 32% year-over-year, underscores its growth potential. The company also achieved $25 million in adjusted profitability, improving its profit margin by 40 points over the past two years.

Chime now stands among fintech giants like eToro and Circle, rekindling investor interest in fintech IPOs. The future looks promising as other players like Klarna and Bullish eye public offerings.

For further insights into fintech innovation and investment opportunities, explore European Banking Evolution: Cyprus as a Catalyst for Regulatory Innovation and discover how Cyprus continues to play a pivotal role in financial advancements.

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