Cyprus Requires 0.5% Contribution For Self-Employed Training Access

Enhanced Training Opportunities For All

Cyprus Labour Ministry expanded subsidised training programs to include self-employed professionals, aligning access with employed workers. A 0.5% contribution on insurable earnings applies to self-employed individuals under the new policy. Contributions are collected by social insurance services on behalf of the Human Resource Development Authority (Anad).

Strengthening Economic Competitiveness

Integration of self-employed workers into existing training schemes expands access to professional development. Officials said the policy supports skills development across sectors. Focus remains on workforce training and upskilling aligned with labor market needs.

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Legislative Foundations And Future Prospects

The framework is based on the Human Resource Development (Amendment) Law of 2026 and the regulations covering contributions from employers and self-employed workers. Eligible individuals can apply for training programs through Anad. Additional details are available on the organization’s website.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

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.

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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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