Government sets 2026 target for pension increases

Cyprus is preparing its next major reform, with the government setting a target of significant pension increases by 2026, starting with low-income pensioners.

President Nikos Christodoulides said pension reform is now a top priority, following the recent approval by parliament of major changes in education and taxation.

He said the lowest pension, currently about 510 euros, is unacceptable and must rise. He stated that internal government planning shows the goal is achievable within the current economic framework.