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Doing Business in Cyprus
Contact & Social Networks
Syllabus of the Subject - Foreign Trade and Business in Cyprus . Nicosia.
Introduction to the Republic of Cyprus (European Union);
Economy of Cyprus: The world's fourth largest ocean fleet;
Doing Business in Nicosia;
Cypriot International Trade;
Foreign Direct Investment (FDI) in Cyprus;
Access to the Cypriot Market;
Business Plan for Cyprus.
Objectives
The objectives of the subject “International Trade and Business in” Cyprus” are the following:
To analyze the Cypriot Economy and Foreign Trade;
To know the business opportunities in the Cypriot Market;
To analyze the trade relations of Cyprus with the country of the student;
To know the Free Trade Agreements of Cyprus as a member of the European Union (EU);
To develop a business plan for the Cypriot Market.
Example of the Subject - Foreign Trade and Business in Cyprus:
Related Education
Masters and Doctorate in International Business adapted to the Cypriot Students .
Foreign Trade and Business in Cyprus
Preferential Access
Preferential Access and Free Trade Agreements of Cyprus :
Cyprus and the
Orthodox
Economic Area /
European Economic Area ;
European Union As a member of the European Union, Cyprus is a beneficiary of the
EU Free trade agreements with
Algeria, Ivory Coast, South Africa, South Korea, India, Mexico, MERCOSUR, Chile, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia etc. besides the Customs Union with Turkey;
European Single Market;
EU Services Directive;
European Digital Single Market; European Customs Union .
Trade Facilitation
Organizations
European Trade and Economic Organizations :
European Union European Bank for Reconstruction and Development;
European Central Bank;
European Investment Bank (EIB );
EU-CELAC Summit.
Economic Commission for Europe (UNECE );
Organization for Security and Cooperation in Europe (OSCE );
Group of States of the European Council Convention against Corruption (GRECO ).
Global Organizations :
United Nations (UN )
Conference on Trade and Development (UNCTAD );
International Trade Centre (INTRACEN );
World Intellectual Property Organization (WIPO ).
World Trade Organization (WTO );
World Bank (WB );
International Monetary Fund (IMF );
Asia-Europe Meeting (ASEM ).
Cyprus
The Republic of Cyprus .
Capital of Cyprus: Nicosia;
Cypriot Official Languages: Turkish and Greek;
Area of Cyprus: 9,251 square kilometers;
Cypriot Population: 1.14 million people;
Type of Government: Presidential Republic;
Nearest countries (by sea): Turkey , Syria and Greece ;
Independence of Cyprus: 1960 (United Kingdom);
Northern Cyprus was occupied by Turkey (1974) creating the Turkish Republic of Northern Cyprus (only recognized by Turkey).
Religion in Cyprus: Orthodoxy (Christianity )
Cyprus belongs to the Orthodox Economic Area (European Economic Area).
Economy and Foreign Trade
Economy of Cyprus .
Cypriot services sector is one of the pillars of the economy of the Republic of Cyprus;
Cypriot Industrial sector employs 25% of the population;
GDP (nominal): 22,446 million dollars;Agriculture: 2%;
Industry: 19%;
Services 79%.
GDP per capita: 29,830 dollars;
Cypriot Currency: Euro (2008);
Cyprus joined the European Union in 2004;
2012: rescue by the European Union (17,500 million Euros);
In 2013 a “corralito” was imposed in Cyprus;
The fleet of vessels registered in Cyprus represents the fourth
largest in the world .
Cypriot Foreign Trade .
Main Cypriot Exports: citrus, cement, potatoes, medicines, dresses;
Top
trading partners of Cyprus are Greece, Germany, the United Kingdom, Italy.
(c) EENI
(c) EENI Global Business School (1995-2023)
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