Larnaca, Cyprus. The Institute of Certified Public Accountants of Cyprus (ICPAC) held an open event on financial literacy in Larnaca last week to strengthen public understanding of key economic concepts affecting everyday life.
Event linked to Cyprus EU Council presidency
ICPAC said the initiative forms part of the Cyprus presidency of the Council of the European Union and reflects the organisation’s long-standing strategic commitment to promoting financial education and empowering society with practical and applicable knowledge.
Focus on personal and household finance
The organisation said participants explored topics related to managing personal and household finances, including saving principles, how loans and investments function, and the importance of rational budgeting.
Emphasis on children and young people
ICPAC said particular emphasis was placed on the participation of children and young people as part of a broader strategy to cultivate healthy financial behaviours from an early age and strengthen the economic awareness of future citizens.
Workshops and simulations
ICPAC said interactive workshops and real-life simulations, adapted to different age groups, were used to support a hands-on learning approach and enhance understanding and practical application of knowledge.
Comments from ICPAC director general
ICPAC director general Andreas Papadatos said financial literacy is a critical skill for the modern citizen, adding that as financial decisions become increasingly complex, knowledge and understanding of basic principles can support rational and responsible choices.
Papadatos said developing healthy financial habits begins early in life and that such initiatives aim to equip children and young people with tools to develop a responsible attitude toward managing their finances.
How do you think financial literacy education should be introduced to children and young people?
