e-Course: Doing Business in Cyprus

Syllabus of the Online Course (Subject) - Doing Business in Cyprus. Nicosia.

1. Introduction to the Republic of Cyprus (European Union)
2. Economy of Cyprus: The world's fourth largest ocean fleet
3. Doing Business in Nicosia
4. Cypriot Foreign Trade
5. Foreign Direct Investment (FDI) in Cyprus
6. Access to the Cypriot Market
7. Business Plan for Cyprus

The objectives of the Online Course / Subject “Doing Business in Cyprus” are the following:

1. To analyse the Cypriot Economy and Foreign Trade
2. To evaluate business opportunities in the Cypriot Market
3. To analyse trade relations of Cyprus with the student's country
4. To know Free Trade Agreements of Cyprus as a member of the European Union (EU)
5. To develop a business plan for the Cypriot Market

Examples of the Course (Subject) - Foreign Trade and Business in Cyprus:

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Description of the Online Course: Doing Business in Cyprus

The Republic of Cyprus (Europe)

1. Capital: Nicosia
2. Cypriot Official Languages: Turkish and Greek
3. Area: 9,251 square kilometres
4. Cypriot Population: 1.14 million people
5. Type of Government: Presidential Republic
6. Nearest countries (by sea): Turkey, Syria and Greece
7. Independence: 1960 (the United Kingdom)
8. Northern Cyprus was occupied by Turkey (1974) creating the Turkish Republic of Northern Cyprus (only recognised by Turkey)

Religion in Cyprus: Orthodoxy (Christianity)

1. Cyprus belongs to the Orthodox Civilisation (European Economic Area)

Economy of Cyprus.

1. The Cypriot service sector is one of the pillars of the economy of the Republic of Cyprus
2. The Cypriot Industrial sector employs 25% of the population
3. GDP (nominal): 22,446 million dollars
   1. Agriculture: 2%
   2. Industry: 19%
   3. Services 79%
4. GDP per capita: 29,830 dollars
5. Cypriot Currency: Euro (2008)
6. Cyprus joined the European Union in 2004
7. 2012: rescue by the European Union (17,500 million Euros)
8. In 2013 a “corralito” was imposed in Cyprus
9. The fleet of vessels registered in Cyprus represents the fourth largest in the world

Cypriot International Trade.

1. The main Cypriot Exports are citrus, cement, potatoes, medicines, dresses
2. Top trading partners of Cyprus are Greece, Germany, the United Kingdom, Italy
3. As a member of the European Union, Cyprus is beneficiary of the EU Free trade agreements

International Economic Relations of Cyprus

1. International Chamber of Commerce
2. Organisation for Economic Cooperation and Development (OECD)
3. European Union
4. Economic Commission for Europe (UNECE)
5. World Trade Organisation
6. World Bank
7. European Investment Bank (EIB)
8. United Nations
9. Group of States of the Council of Europe Convention against the corruption (GRECO)
10. International Monetary Fund (IMF)
11. European Bank for Reconstruction and Development
12. Asia-Europe Economic Meeting (ASEM)
13. Organisation for Security and Cooperation in Europe (OSCE)

(c) EENI Business School & HA University