Cyprus Financial Wellbeing Index Improves in 2025 Amidst Lingering Challenges

July 3, 2026

Cyprus' Ministry of Finance reported an improvement in the Financial Wellbeing Index for 2025, with gains across all 14 indicators, signaling a general enhancement of citizens' financial stability. Despite this progress, concerns persist regarding the increased cost of living and the adequacy of retirement provisions. The government has introduced measures like tax reform, including revised tax brackets and increased tax-free income, and pension system reform to address these issues and foster financial literacy.