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Cyprus and the EU

Latest business news about Cyprus and the European Union.

The EU's role in the Cyprus Settlement Process
The EU's delegation arrived in Geneva on 12 January for the Cyprus settlement Conference. A comprehensive settlement is seen as being beneficial for Cyprus and for the EU, as well as for the wider security and stability of the region.

Aarhus and Pafos are 2017 European Capitals of Culture
The Danish and Cypriot cities of Aarhus and Pafos will hold the title of European Capital of Culture - one of the most popular EU projects for the year 2017.

Access to finance
A guide on the financial support available to businesses in Cyprus.

Cyprus: Country economic forecast - April 2012
Marketresearch presents a report on Cyprus's economic condition. Banking sector problems, weak tourism from the EU and the need for sharp public sector cutbacks rule out any return to growth this year; indeed, a return to recession is now expected.

Cyprus: country overview
Cyprus is the largest island in the eastern Mediterranean as well as being the third smallest country in the EU, after Malta and Luxembourg. Cyprus joined the EU as a de facto divided island but the whole of Cyprus is EU territory. Turkish Cypriots are EU citizens as they are citizens of an EU country - the Republic of Cyprus - even if they live in a part of Cyprus not under government control. The most important sectors of Cyprus's economy in 2015 were wholesale and retail trade, transport, accommodation and food services (28.7 %), public administration, defence, education, human health and social work activities (20.2 %) and real estate (11.1 %). Cyprus's main export partners are Greece, Ireland and the UK, while its main import partners are Greece, the UK and Italy.

Doing business in Cyprus: Sustainability
This guide summarizes sustainability standards in Cyprus.

Doing business in Cyprus: Environmental rules
Since joining the European Union, the foundation of the environmental policies of Cyprus has been reviewed and the state now promotes sustainable development and environmental protection.

Doing business in Cyprus: Staff welfare
According to Cypriot legislation, banning all forms of discrimination with regard to employment and gender equality in terms of employees' rights and obligations in the workplace is guaranteed through relevant acts, both in employment and in vocational education.

EES 2011 Cyprus National Report
The Eurochambres Economic Survey 2011 report on Cyprus gives an overview of the Cypriot economy in 2010 and provides a detailed analysis of the economic indicators: turnover, national sales, export, employment, investment, and business confidence.

Representation of the European Commission in Cyprus
This website provides information and contacts of the European Commission representation in Cyprus.

Starting a business in Cyprus
An overview of the process of starting a new business in Cyprus and the documents required.

Cyprus Investment Climate 2009
Cyprus, a full member of the European Union since 1 May, 2004, has a liberal climate for investments. The sectors of niche tourism, energy, shipping, desalination and water management services offer excellent potential for inward investment. At the same time, the Government of Cyprus offers incentives in the field of research and technology.

Cyprus and the euro
Cyprus joined the European Union in 2004 and adopted the euro on 1 January 2008.

Convergence Reports 2007 - Cyprus
On 16 May 2007, the European Commission concluded that Cyprus has achieved a high degree of sustainable economic convergence with the other Member States and that it fulfils the necessary conditions to adopt the euro. On the basis of its Convergence Report, the Commission is proposing to the Council that Cyprus adopts the euro on 1 January 2008. The final decision will be taken by EU finance ministers in July, after consultation of the European Parliament, and following a discussion by the Heads of State or Government at their summit in June. In its Convergence Report, the Commission assesses whether Cyprus has achieved a high degree of sustainable convergence, measured against the criteria set out in Article 121(1) regarding the government budgetary position, price stability, exchange rate stability and convergence of long-term interest rates. Compatibility of the legal framework with the Treaty is also examined.

Cyprus country profile
Cyprus is the largest island in the eastern Mediterranean, and is situated south of Turkey. Cyprus joined the European Union on 1 May 2004.

Cyprus Business Guide
Whether you are looking for new markets or just wish to keep up-dated, the annual Cyprus Business Guide is your affordable, comprehensive reference tool.

Doing Business in Cyprus (Ernst & Young)
2006 edition of Ernst & Young's full text publication "provides the busy executive a quick overview of the investment climate, taxation, forms of business organization, business and accounting practices, as well as other aspects pertaining to initiating and developing business in Cyprus". (pdf)

Cyprus Tax Facts (Deloitte)
This year’s edition of Cyprus Tax Facts 2013 is completely revised and updated, including the latest legislative amendments enacted by Parliament in December 2012. The pages of this guide provide a depository of tax data, facts and figures relevant to the day to day tax obligations of taxpayers as well as a useful reference in tax planning.