The number of women in managerial positions in Cyprus has risen by 10.5 per cent in the last decade, according to Eurostat data published on Wednesday.

This marks the highest increase in the EU between 2014 and 2023. In 2021, the island recorded the third lowest share of women in managerial positions among the EU member states.

Following Cyprus, Malta and Sweden recorded the second and third largest rises in female managers, with increases of 8.3 per cent and 6.5 per cent, respectively.

Sweden leads the EU in female representation in management, with 43.7 per cent of leadership roles held by women, followed closely by Poland at 43.3 per cent and Latvia at 42.9 per cent.

In contrast, the lowest shares were recorded in Czechia at 27.4 per cent, Croatia 23.8 per cent and Luxembourg at 22.2 per cent.

Since 2014, the proportion of women in managerial positions across the EU has grown by 3.1 per cent, with 20 countries reporting an increase.

However, some nations have seen setbacks, with Hungary and Slovenia experiencing the sharpest declines at -2.6 per cent, while Lithuania followed with a drop of 1.7 per cent.

At 46.4 per cent, women make up nearly half of all employers in the EU. However, they remain underrepresented in management, holding only 34.8 per cent of leadership positions as of 2023.

Despite this gap, the number of women in managerial roles has steadily increased, rising from 3.1 million in 2014 to 3.7 million in 2023.