Cyprus Profile

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Fitch puts long-term credit rating at B+

Fitch puts long-term credit rating at B+

Fitch Ratings has affirmed Cyprus’ long-term credit rating at B+ with a positive outlook, even as risks continue to weigh on the country’s credit profile, the agency said recently. Read More

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Sector Spotlight


A Future in Funds

The modernisation of Cyprus’ regulatory framework for investment funds is strengthening the island’s profile as an emerging European funds and asset management domicile. Read More

Key Sectors

  • International Financial Services

    Cyprus has spent decades building an economy based on the provision of top-quality services and with its strong shipping sector, thriving forex industry and burgeoning funds business the country has… Read More

  • Energy and Environment

    Cyprus’ energy profile has changed with the discovery of significant hydrocarbon reserves in the country’s Exclusive Economic Zone (EEZ), and with the government’s strategic decision to become a… Read More

  • Construction and Real Estate

    The Cyprus real estate market is more attractive to foreign buyers now than it has been for decades. A combination of legislative changes together with strategic planning by the construction… Read More

  • Banking

    Returning to international markets with a stronger and fully recapitalised banking sector, Cyprus has shown remarkable determination and success in rebuilding its financial institutions. Read More

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Country Overview

Country Overview

An Island Transformed

The small yet dynamic Mediterranean island of Cyprus, famous for the warmth and hospitality of its people, continues to be an attractive location to live, work and invest. The island’s sophisticated and sunkissed lifestyle coupled with its exceptional business infrastructure has proven a winning combination. Read More

  • Cyprus at a Glance

    Key facts and figures about the country, geography, people, government and economy plus 2014 public holidays. Read More

  • Country and People

    Vibrant business centres and tranquil villages; traditional values and cosmopolitan lifestyle; sun-kissed beaches, fertile valleys and snowy mountains: Cyprus is a land of contrasts with many faces. It is a… Read More

  • Economy

    Exceeding international expectations with a return to growth in 2015, Cyprus is making steady progress in restructuring its economy and regaining investor confidence. Read More

  • Foreign Direct Investment

    Large-scale projects, privatisations and a burgeoning oil and gas sector are firmly placing Cyprus on the map as a hotspot for investment from the US, Asia, Russia and the Middle… Read More

Operating Environment