Eurostat Flash Estimates Signal Elevated Poverty Risk In Cyprus By 2025

Forecast Of Rising Poverty Risk In Cyprus

Eurostat estimated that the poverty risk rate in Cyprus could reach 14.9% in 2025, up from 14.6% recorded in 2024. The projected increase would affect approximately 146,000 residents, according to Eurostat’s latest flash estimates.

European Union Overview

Across the European Union, around 72.4 million people, or 16.3% of the population, are estimated to be at risk of poverty. The figure represents a marginal increase of 0.1 percentage points compared with the previous year. Eurostat noted that the 2025 estimates remain preliminary because the latest complete income data currently available relates to 2024.

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Country-Specific Trends

Among EU member states, Lithuania is projected to record the highest poverty risk rate in 2025 at 22.6%, followed by Latvia at 22% and Bulgaria at 21.2%. Lower projected rates were reported for the Czech Republic at 9.6%, Belgium at 10.9%, and Denmark at 11.8%. Overall EU poverty risk levels are expected to remain relatively stable, with Eurostat projecting a slight increase to 16.4% in the next EU-SILC cycle in 2026. According to the agency, the projected change is not considered statistically significant.

Implications For Cyprus And Beyond

The forecasted increase in Cyprus reflects broader economic challenges facing the region. As policymakers and community leaders navigate these shifts, continuous monitoring will be essential to implement targeted interventions. This evolving economic landscape underscores the need for proactive measures to safeguard vulnerable populations.

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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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