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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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BENEFITS:<br />

Diverse landscapes never<br />

seen on screen<br />

Ideal weather conditions<br />

for year-round filming<br />

Short internal distances and<br />

good global air connectivity<br />

Modern infrastructure and<br />

advanced telecoms<br />

Centuries of history, art and culture<br />

Access to local talent pool<br />

Sector Profile<br />

The island’s natural beauty, local talent, great climate, and versatile locations that could<br />

double-up as various destinations from virtually anywhere in the world offer boundless<br />

creativity and opportunities for film directors, with only the imagination setting the limits.<br />

a variety of vehicles on both a short- or longterm<br />

basis, and thanks to the island’s status as a<br />

popular holiday destination <strong>Cyprus</strong> offers every<br />

conceivable type of accommodation – ranging<br />

from low-budget hotels and a growing number of<br />

five-star luxury resorts, to villas and agritourism<br />

houses.<br />

NURTURING OLIVEWOOD<br />

Although <strong>Cyprus</strong> made its official entrance onto<br />

the world stage only recently, the country has<br />

in fact attracted attention and interest over the<br />

decades from big producers and directors worldwide.<br />

Unfortunately, many of these prospective<br />

projects never came to fruition due to a lack of<br />

incentives and official single body to represent<br />

the industry and aid in tackling bureaucracy and<br />

permits. With a new government-backed framework<br />

in place, the country can now turn this interest<br />

into real action.<br />

The island’s natural beauty, local talent, great<br />

climate, and versatile locations that could double-up<br />

as various destinations from virtually anywhere<br />

in the world offer boundless creativity and<br />

opportunities for film directors, with only the imagination<br />

setting the limits. <strong>Cyprus</strong> offers a truly<br />

cinematic environment and has set the scene for<br />

those with vision.<br />

However, industry professionals and producers<br />

have warned <strong>Cyprus</strong> not to rest on its<br />

Olivewood laurels, as to develop the sector into a<br />

true international industry and economic driver<br />

more investment is needed in crucial infrastructure<br />

such as purpose-built studios, and in educating<br />

the professional crews and technicians to<br />

support the industry in the future.<br />

Knock-on effects of fostering this sector will<br />

create jobs, develop new infrastructure and<br />

equipment that will further support the industry,<br />

and indirectly also enhance complementary<br />

sectors such as cinema tourism, professional services,<br />

land development and investment funds<br />

related to film.<br />

<strong>Cyprus</strong> certainly has all the pieces of the<br />

puzzle to develop a thriving film sector, what is<br />

needed now is the right kind of investments and<br />

strategies to support the growth of the industry<br />

and attract major international players to captialise<br />

on the immense potential of this beautiful<br />

and versatile island. n<br />

Discover more at www.cyprusprofile.com<br />

<strong>Country</strong> <strong>Report</strong> CYPRUS <strong>2020</strong> 91

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