Central & South America
Asia & Middle East
Southeast Asia & Oceania
Services make 80% of GDP: tourism, finance, shipping, and real estate have traditionally been the most important services.
High. The rate of non-performing loans (NPLs) is still very high at around 49%, and growth would accelerate if Cypriot banks could increase the pace of resolution of the NPLs.
Since 2008 Cyrpus is a member of the euro zone.
High but decreasing.
Proficiency in English is high. English features on road signs, public notices, and in advertisements, etc.
Medium level of corruption
We have a strong position in Europe B2B and Europe trade, especially European Union trade. If you are interested in doing business in Cyprus, or in finding Cypriot manufacturing companies, we can help you.
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