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New Index Reveals Financial Security Gaps Among Women In Cyprus

Emergency Preparedness And Retirement Concerns

Early findings from the Financial Wellbeing Index 2025 reveal a stark financial vulnerability among women in Cyprus. The report indicates that only four in 10 women have sufficient funds to cover an emergency expense without resorting to borrowing. At the same time, a mere one in four has engaged in additional retirement planning. These numbers spotlight an urgent need for strategic reforms in personal finance and social inclusion.

Link Between Financial Wellbeing And Public Policy

The index, launched by the Financial Wellbeing Institute in partnership with Mastercard, suggests these challenges extend beyond household finances and are increasingly tied to wider social and economic policy issues.

During the presentation of the findings, government officials, regulators, private-sector representatives and civil society participants stressed that women’s financial well-being is closely connected to social cohesion, economic stability and long-term resilience.

Bridging Knowledge Gaps And Structural Challenges

Beyond immediate financial hurdles, the report highlights significant gaps in financial literacy, particularly in areas such as investments, bonds, and risk management. Approximately half of the women surveyed demonstrated insufficient knowledge, suggesting that the challenge extends from structural barriers rather than individual shortcomings. Financial Wellbeing Institute President Panayiotis Andreou emphasized that these disparities are not indicative of a lack of capability but the result of unequal access to information and enduring societal norms.

Initiatives And Policy Recommendations

Panel discussions at the event called for policy interventions to strengthen financial education from an early age, integrate gender perspectives into policy design, and support work-life balance. Key figures, including Deputy Minister to the President Irene Piki and representatives from major institutions such as Alpha Bank and the Cyprus Securities and Exchange Commission, stressed the necessity for gender-sensitive approaches in fiscal policies and digital consumer protection.

Further recommendations included the establishment of peer-to-peer “money clubs,” mentoring programs, and the institutionalization of certified financial advisors to provide practical guidance. These initiatives aim to empower women to not only understand financial concepts but also to translate that knowledge into definitive actions for long-term security and autonomy.

The full results of the Financial Wellbeing Index 2025 are anticipated next month, promising to offer deeper insights into the systemic factors shaping women’s financial futures in Cyprus.

Women Make Up A Majority Of The EU’s Science And Technology Workforce But The Real Gap Is Elsewhere

Women now make up the majority of the EU’s science and technology workforce. According to Eurostat, in 2025, more than 81.6 million people aged 15 to 74 were employed in science and technology occupations across the EU. Of those, 52.5% were women, equal to 42.8 million women. The number of women in these occupations rose by 27.9% compared with 2015, an increase of more than 9.3 million over a decade.

On the surface, the numbers resemble progress. However, Eurostat’s category requires context before that figure can be read accurately. The data refers to HRST, or Human Resources in Science and Technology, specifically people employed in science and technology occupations. These are roles where the main tasks require professional or technical knowledge in physical and life sciences, but also in social sciences and humanities. That definition is wider and broader than engineering, ICT, laboratory science, or high-tech research alone.

Zooming In

The gender picture changes once the data moves from a wider definition of the workforce to the narrower scientist-and-engineer (research and manufacturing) subgroup.

Scientists and engineers represented almost a quarter of all people employed in science and technology in the EU in 2025. Eurostat describes scientists and engineers as often being the innovators at the centre of technology-led development, making them an important subgroup to focus on separately.

Women accounted for only 40.8% of scientists and engineers in 2025, despite making up more than half of the wider category. That share has increased by a mere 0.5 percentage points over the past decade. The absolute number of women working as scientists and engineers rose from 5.3 million in 2015 to 8.2 million in 2025, despite the push from national and international organisations to increase the number of women in the field. Europe has expanded the number of women in science and technology occupations over ten years. However, that expansion has not extended equally into the scientist-and-engineer subgroup, where much of Europe’s research and innovation work is conducted.

In 2025, of the 39.4 million women aged 25 to 64 working in science and technology occupations in the EU, 35.5 million worked in service activities. Only 2.7 million worked in manufacturing. Women accounted for 57.5% of science and technology employment in services, but only 31.3% in manufacturing.

In 2025, the highest shares of women employed in science and technology occupations were recorded in Latvia at 62.4%, followed by Hungary’s Great Plain and North region at 61.1%, Estonia at 60.5%, Poland’s Central macroregion at 60.4%, and Lithuania at 60.3%. No EU country recorded a majority of women among science and technology workers in manufacturing.

Break-down

Eurostat’s figures measure employment in broad science and technology occupations. They do not show job security, pay levels, management roles, promotion rates, research leadership, or whether women are concentrated in junior or senior workplace positions.

The classification of “senior” also requires additional explanation. Eurostat reports that 45.9% of science and technology workers aged 25 to 64 in the EU were classified as “senior” HRST in 2025. In this dataset, “senior” refers to workers aged 45 to 64. It does not mean senior manager, senior researcher, team lead, or decision-maker.

A high female share in the wider Human Resource Science and Technology (HRST) category does not parallel equal representation across scientists, engineers, manufacturing roles, senior posts, pay, research funding, or decision-making. These figures also reflect the occupational mix inside each country or region, not only structural progress across all areas of science and technology.

The Case Of Cyprus

Eurostat data places Cyprus’s overall science and technology employment at 37.2% of the labour force in 2025, slightly above the EU-27 figure of 36.9%, and above Greece at 26.8%, Malta at 33.9%, and Turkey at 18.2%. This figure covers the total share of the labour force employed in science and technology across all genders.

Progress Or Work-in-Progress?

52.5% in the broad category. 40.8% among scientists and engineers. 31.3% in manufacturing. Europe’s gender gap in science and technology hasn’t closed yet, and there is still work to be done to encourage and support more women to enter the field, especially in research and manufacturing.

Let’s not wait another decade for another couple of percentage points of hope.

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