Location has always proved crucial to Cyprus’s prosperity, and the recent crisis in Lebanon highlighted its role as a safe place to do business for banks, corporates and private investors. Nick Kochan reports.
Western Europe
Latest articles from Cyprus
Positive outlook for growth
June 5, 2006The Republic of Cyprus has an optimistic economic growth story in shipping, services and tourism but faces a tighter labour market and political stalemate.
The power of attraction
June 5, 2006EU accession has led to foreign direct investment flowing into Cyprus more freely as companies take advantage of its favourable tax rates and strategic location to do business in both Europe and the Middle East. Michael Marray reports.
Mission eurozone
June 5, 2006Minister of finance Michalis Sarris insists economic indicators prove Cyprus is on track for euro adoption.
What the bankers say: Cyprus
January 2, 2006The Banker invites CEOs from around the world to discuss the economic climate in their country and institution, and their hopes for the future
Turkey finds EU’s Cyprus conditions unpalatable
January 3, 2005
Turkish government officials have said the EU’s decision to open membership talks with Turkey on condition that Ankara recognises the Greek Cypriot administration is unpalatable.
The EU, at its Brussels summit on December 17, said talks with Turkey could start on October 3 this year after Turkey recognises the Greek Cypriot administration as the sole government of the divided Mediterranean island Cyprus. The EU said Turkey must also accept possible permanent curbs on the free circulation of Turkish labour in the union.
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