Cyprus Housing Loan Rates Range from 2.50% to 5.24% in March

The highest average interest rate on new floating-rate housing loans in Cyprus reached 5.24% in March, according to a report published on Monday by the Central Bank of Cyprus (CBC).

New Floating-Rate Housing Loans

The Bank of Cyprus provided the highest average rate for new floating-rate housing loans with an initial rate fixation period of up to one year at 5.24%. Eurobank Cyprus followed with 4.58%. Hellenic Bank offered the lowest rate in this category at 2.50%.

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Housing Loans with Floating Interest Rate and Initial Fixed Rate Period

For housing loans with a floating interest rate and an initial fixed rate period between one and five years, the Bank of Cyprus again recorded the highest average rate at 4.53%. The lowest rate in this category was offered by Ancoria Bank at 2.94%.

Business Lending

The Central Bank data also highlighted differences in business lending. For loans of up to €1 million to non-financial companies, with a floating interest rate and an initial rate fixation period of up to one year, the highest average rate was 7.04% offered by Banque SBA.

The Cyprus Development Bank Public Company Ltd followed with 6.09%. Alpha Bank offered the lowest rate in this category at 3.95%.

Deposits

In terms of deposits, the highest average interest rate for household time deposits in eurozone currencies with terms of up to one year was 2.00% offered by the Arab Jordan Investment Bank SA. Eurobank Cyprus Ltd followed with 1.88%. Astrobank offered the lowest household deposit rate at 0.92%.

For corporate time deposits of up to one year, Astrobank recorded the highest average interest rate at 2.15%. The Bank of Cyprus offered the lowest corporate deposit rate at 0.90%.

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Cyprus Ranks Among EU Leaders In Tertiary-Educated ICT Workforce

by THEFUTURE.TEAM

May 25, 2026

High Educational Attainment Sets Cyprus Apart

Recent data from Eurostat showed that Cyprus is expected to rank among the leading European countries for tertiary-educated ICT professionals in 2025. According to the figures, 96.4% of ICT professionals in Cyprus are projected to hold tertiary education qualifications, placing the country among the highest-ranked members of the European Union.

Gender Disparity Remains A Critical Challenge

Despite the high level of educational attainment, the ICT workforce in Cyprus continues to show a significant gender imbalance. Men are projected to account for 85.1% of ICT employees in 2025, while women are expected to represent 14.9% of the sector. In 2024, the split stood at 70.9% for men and 29.1% for women. The figures highlighted a widening gender gap within the country’s ICT workforce.

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European Union Trends And Comparative Analysis

Across the European Union, the number of ICT professionals is projected to increase to 3.4 million in 2025 from 3.2 million in 2024, representing annual growth of 5.1%. Men are expected to account for 83.4% of ICT employment across the bloc, equivalent to approximately 2.8 million workers, while women are projected to represent 16.6%.

National Performance Variability In Gender Representation

Countries within the EU show a varied landscape: the highest percentages of male ICT professionals are reported in the Czech Republic (92.9%), Slovenia (89.1%), Latvia (89.0%), Lithuania (88.9%), and Slovakia (88.4%). On the contrary, nations such as Denmark (30.0%), Sweden (29.8%), Romania (28.6%), Bulgaria (25.6%), and Croatia (25.2%) lead in female participation in the ICT arena.

Educational Background Across The European ICT Sector

Eurostat data also showed that most ICT professionals across the EU hold tertiary education qualifications. By 2025, 74.8% of ICT workers in the bloc are projected to have university-level education, while 25.2% are expected to hold secondary or post-secondary qualifications. Denmark recorded the highest share of tertiary-educated ICT professionals at 97.7%, followed by France at 96.6% and Cyprus at 96.4%. Other countries with high levels of tertiary-educated ICT workers included Ireland at 92.3%, Bulgaria at 91.1%, and Croatia at 90.9%. At the lower end of the ranking, Italy recorded 69.2%, while Portugal stood at 58.8%.

Conclusion

The data perfectly encapsulates the dual narrative in the ICT sector: while countries like Cyprus and Denmark achieve remarkable educational standards among ICT workers, persistent gender disparities remind us that diversity remains an ongoing challenge. As the ICT landscape continues to evolve, strategic policy formation and corporate governance will be pivotal in balancing excellence with inclusivity.

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