In Cyprus, an increase in pensions and the minimum wage is planned following improved ratings

The government in Cyprus plans to raise pensions and increase the minimum wage following three new credit rating upgrades, according to government sources. Pension reform is expected at the beginning of the new year, followed by discussions on increasing the minimum wage.

Authorities believe that strong economic indicators allow for more active action in public administration. Improved ratings reduce government borrowing and facilitate project financing.

The government highlights benefits for households and businesses: more accessible credit, an influx of investment, job creation, and increased citizen income. International agency ratings, according to authorities, confirm the results of current policies.

The administration also intends to continue education reforms, including changes to the student assessment system, expanding preschool education starting at age four, revising curricula, and modernizing teachers' work.

In healthcare, plans include legislation to operate university hospitals as tertiary centers, creating a national clinical documentation and quality improvement center, and accelerated clinics in emergency departments in Nicosia, Paphos, Larnaca, and Famagusta.

Other reforms include the creation of a migration agency, tightening migration policies, extending maternity leave from 18 to 22 weeks, expanding parental leave, creating an environmental inspection service, and launching a digital citizen initiative.