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2020 Cyprus Country Report

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

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Publisher’s Information<br />

<strong>Country</strong>Profiler<br />

Global Edition <strong>2020</strong> | €10<br />

www.cyprusprofile.com<br />

CYPRUS<br />

COUNTRY REPORT<br />

Already the leader in EU funds per<br />

capita, a new deputy ministry and<br />

increased government spending<br />

are driving the research sector<br />

Increased investment in RES and a<br />

strong focus on research and innovation<br />

are fostering fresh efforts for <strong>Cyprus</strong><br />

to develop a zero-carbon economy<br />

Digital <strong>Cyprus</strong> is fast-tracked with<br />

added state support, the launch of new<br />

national strategies, and incentives<br />

to attract foreign IT companies<br />

Growing numbers of foreign students,<br />

new degrees to meet future demands<br />

and investment in top-tier campuses<br />

are strengthening the education sector<br />

Growth on the Horizon<br />

Despite the slowdown due to the global<br />

pandemic, <strong>Cyprus</strong> forecasts growth in 2021<br />

ECONOMY • FOREIGN DIRECT INVESTMENT • SECTOR PROFILES • BUSINESS OPERATING ENVIRONMENT • BUSINESS DIRECTORY<br />

<strong>Country</strong>Profiler Ltd is a specialist publisher of country<br />

information that assists corporations managing operations<br />

across national borders with trade, investment and<br />

relocation decisions. <strong>Country</strong>Profiler is recognised by<br />

senior business executives, government representatives,<br />

institutions and global organisations as a leading provider<br />

of informative and insightful country intelligence.<br />

EUROPE<br />

16, Elia Papakyriakou, Suite 101, Engomi, 2415 Nicosia, <strong>Cyprus</strong><br />

NORTH AMERICA<br />

21-2123 Walkers Line, Burlington Ontario, L7M 4Z9, Canada<br />

Email: cyprus@countryprofiler.com<br />

Website: www.countryprofiler.com • www.cyprusprofile.com<br />

RESEARCH AND CONTRIBUTIONS<br />

<strong>Country</strong>Profiler staff<br />

Headquartering Companies<br />

choosing to establish a base<br />

in <strong>Cyprus</strong> on the rise<br />

Sectors to Watch Energy,<br />

Investment Funds, ICT, Film<br />

Production and Education<br />

Who’s Who The definitive guide<br />

to <strong>Cyprus</strong>’ leading companies,<br />

executives & professional advisers<br />

PHOTOGRAPHY<br />

Heidi Marttinen, Jo Michaelides, Alan Carville, Mehdi Ezzitouni,<br />

Manos Botrini, Sara Zanardelli<br />

PRINTING<br />

Laser Graphics Ltd<br />

PUBLICATION DATE<br />

October <strong>2020</strong><br />

Kristina Ernst<br />

REGIONAL DIRECTOR<br />

ernst@countryprofiler.com<br />

Heidi Marttinen<br />

EDITOR<br />

marttinen@countryprofiler.com<br />

Victoria Vasiliou<br />

ADMINISTRATIVE MANAGER<br />

vasiliou@countryprofiler.com<br />

Ramon Micallef<br />

ART DIRECTOR<br />

ram@box-design.net<br />

The information included in this publication is for information<br />

purposes only and is subject to change. With regard to the licensing<br />

of a business, income generation or any other legal or accounting<br />

matters, the Publisher strongly recommends that the reader<br />

seeks the advice of an appropriately licensed professional.<br />

All rights reserved. Reproduction in whole or part is strictly<br />

prohibited without written permission. Opinions expressed in this<br />

publication are not necessarily those of the editor or publisher.<br />

All reasonable care is taken to ensure truth and accuracy, but the<br />

editor and publishers cannot be held responsible for errors or<br />

omissions in articles, advertising, photographs or illustrations.<br />

4 <strong>Country</strong> <strong>Report</strong> CYPRUS <strong>2020</strong>

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