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Cyprus HR Development Authority Ushers In New Era For Self-Employed Professionals

The Cyprus Human Resource Development Authority has extended access to subsidised vocational training programmes to self-employed professionals. The change allows participation in schemes that were previously limited to employees, expanding the scope of workforce development initiatives. Constantinos Fellas, Chairman of Anad, said the reform addresses a long-standing gap in access to training for this group.

Historic Reform And Equal Access To Training

Effective from April 6, the framework introduces eligibility for self-employed workers across multiple sectors. For years, participation in subsidised training was restricted to employees, leaving self-employed professionals outside the system. By extending eligibility, the new structure enables access to programmes aimed at skills development and professional advancement, aligning training opportunities more closely with the composition of the labour market.

A Structured Approach To Integration

Under the updated model, self-employed individuals contribute 0.5% of their insurable earnings, a rate comparable to contributions made by employers. Collection is integrated into existing social insurance payments, creating a single process for contributions and access. Registration takes place through the Ermis electronic portal, where applicants select a profile as either self-employed or employer before proceeding with programme applications.

Broadening Opportunities And Enhancing Competitiveness

Based on 2024 data, approximately 31,000 self-employed workers are expected to be eligible. Coverage spans sectors including retail, professional services, healthcare, technical trades, and construction. Funding levels vary by programme. Standard training is supported with grants of up to €20 per hour, while programmes classified as priority may receive up to €100 per hour. Additional support is available for training abroad, including tuition, travel, and accommodation costs.

Economic Impact And Future Prospects

Expanded access allows self-employed professionals to participate in structured training aligned with sector-specific needs. In practice, this may include acquiring digital skills, upgrading technical certifications, or adapting to new regulatory and operational requirements. Such participation links individual skill development with broader labour market demands, supporting productivity and business activity across sectors.

Implementation And The Path Forward

Successful implementation depends on awareness, registration, and timely application to available programmes. Clear guidance on procedures and eligibility will influence participation levels among self-employed workers. As labour market requirements continue to evolve, uptake of the scheme will determine its role in supporting workforce adaptation and skills development.

Conclusion

Inclusion of self-employed professionals extends the reach of subsidised training programmes in Cyprus. Integration into existing schemes introduces a broader participant base and may influence future workforce development outcomes.

Athens And Nicosia Still Offer Some Of Europe’s Most Affordable Apartments, Despite Rising Prices

Housing costs in Nicosia remain well below those in most western European capitals, according to new data from Global Property Guide, highlighting the wide gap in residential property prices across Europe.

Nicosia And Athens Remain Among Europe’s More Affordable Capitals

The latest figures from Global Property Guide, which tracks residential property markets across 88 countries, show that both Nicosia and Athens remain among Europe’s more affordable capital cities, despite years of steady price growth.

In Cyprus, the median asking price for a one-bedroom apartment in Nicosia stands at €145,000. Two-bedroom apartments are priced at €205,000, while three-bedroom homes reach €280,000.

That places Nicosia slightly above Athens in the one-bedroom category, where the Greek capital records a median asking price of €135,000. For two-bedroom and three-bedroom apartments, however, prices are identical in both cities at €205,000 and €280,000, respectively.

Western Europe Commands A Premium

Athens also remains relatively affordable by European standards. Median asking prices for one-bedroom apartments reach €174,000 in Warsaw, €240,000 in Madrid, €310,000 in Milan and €325,000 in Berlin.

The gap is even more pronounced in Western Europe, where one-bedroom apartments cost around €440,000 in both Paris and Lisbon, more than three times the price seen in Athens.

The difference becomes even greater for larger homes. A three-bedroom apartment carries a median asking price of €280,000 in both Athens and Nicosia, compared with €685,000 in Lisbon, €690,000 in Milan, €845,000 in Berlin and €1.08 million in Paris.

For two-bedroom apartments, the contrast is equally striking. While homes are priced at €205,000 in Athens and Nicosia, equivalent properties cost €380,000 in Madrid, €455,000 in Milan, €527,000 in Berlin, €620,000 in Lisbon and €695,000 in Paris.

Europe’s Most Expensive Property Markets

Global Property Guide’s data also highlights the wide variation in residential property prices across Europe.

Zurich is the continent’s most expensive market for a one-bedroom apartment, with a median asking price of €1.151 million. It is followed by Luxembourg (€669,000), Copenhagen (€601,000), Munich (€548,000) and London (€522,000), while Paris and Lisbon are both priced at around €440,000.

The Most Affordable Cities

At the other end of the market, the lowest asking prices are concentrated in south-eastern and eastern Europe. Median asking prices for a one-bedroom apartment stand at €125,000 in Riga, €118,000 in Podgorica, €110,000 in Bucharest, €103,000 in Sarajevo and €79,000 in Chisinau.

According to the report, Skopje is Europe’s most affordable capital for one-bedroom apartments, with a median asking price of just €55,000.

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