Eurostat: Cyprus Youth Employment Above EU Average In 2025

by THEFUTURE.TEAM

April 23, 2026

New data from Eurostat show that Cyprus recorded one of the strongest youth employment rates in the European Union in 2025. Employment among individuals aged 20–29 reached 72.3%, compared with the EU average of 65.6%, indicating relatively strong labor market participation among young people.

Strong Performance In Youth Employment

The gap of 6.7 percentage points above the EU average reflects sustained labor market activity among younger age groups. Data suggest that Cyprus continues to absorb young workers into employment at a higher rate than many EU peers, supported by service-driven sectors and tourism-related activity.

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Entrepreneurial Spirit Among Cyprus Youth

Self-employment among young people remains limited but present. Around 3.8% of Cypriots aged 20–29 are self-employed. Across all age groups (20–64), the number of self-employed individuals reached approximately 41,400. While the share is relatively small, it points to gradual participation in entrepreneurial activity.

European Comparison: Self-Employment And Employment Rates

Across the EU, around 2.06 million individuals aged 20–29 were self-employed in 2025, representing 7.9% of the total self-employed population aged 20–64. Compared with these figures, Cyprus shows stronger performance in employment rather than self-employment, reflecting differences in labor market structure.

Leading Countries And Regional Variations

Self-employment rates vary significantly across member states. Slovakia (12.2%), Malta (10.5%), and Romania (10.3%) recorded the highest shares of young self-employed individuals. Ireland, Bulgaria, and Spain reported lower levels.

In terms of employment, the EU youth employment rate increased by 6.3 percentage points since 2015. The Netherlands (84%), Malta (82.1%), and Germany (77%) recorded the highest levels, while Italy (47.6%), Romania (52%), and Bulgaria (52.7%) remained lower.

Celebrating Creativity and Innovation

The release of these statistics coincided with the Global Creativity and Innovation Day on April 21, reinforcing the critical role of creative thinking and innovative practices in driving economic and social progress across European nations.

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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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