Telecoms & Satellite Communications Guide Cyprus
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<strong>Cyprus</strong>Profile Digital Series<br />
<strong>Telecoms</strong> & <strong>Satellite</strong> Communication<br />
LANGUAGE<br />
Greek and Turkish are the official languages of <strong>Cyprus</strong>. However, English, the<br />
legacy of the British who ruled <strong>Cyprus</strong> from 1878 to 1960, is widely spoken and is<br />
the language of business. Many Cypriots also speak French, German or Russian.<br />
BUSINESS HOURS<br />
Office hours are generally 8.30am to 1.00pm and 2.00pm to 5.30pm, Monday to<br />
Friday. Although in summer some offices take a longer lunch break or finish early.<br />
BUSINESS COSTS<br />
An EU base within the eurozone, <strong>Cyprus</strong> remains one of the few international<br />
business centres offering low operational costs and a high standard of living. Office<br />
space and residential property in Nicosia, the capital and major business centre, is<br />
relatively inexpensive when compared to other European capitals.<br />
In terms of cost of living, <strong>Cyprus</strong> remains one of the most advantageous places<br />
to live, with cost of living lower than in most Western European countries. At the<br />
same time, residents of <strong>Cyprus</strong> enjoy a high standard of living and exceptional<br />
quality of life, as the balmy climate and low crime rate offer both comfort and<br />
peace of mind.<br />
Business Costs<br />
<strong>Cyprus</strong> EU27 Average<br />
Labour (business sector) €15.30 €27.80<br />
Telecommunications (Local) €0.18 for a 10-minute local call €0.41<br />
Telecommunications (overseas) €0.65 €1.71<br />
Electricity (households) €0.2236/kWh €0.2160/kWh<br />
Electricity (non-households) €0.1800/kWh €0.1200/kWh<br />
*Source: Eurostat (May 2020)<br />
Trilogy, Limassol<br />
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