Business in Cyprus, Nicosia

EENI Business School & HA University




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

  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 Subject “Doing Business in Cyprus” are the following:

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

The Subject “Foreign Trade and Business in Cyprus” is part of the following Online Higher Education Programs taught by EENI:
  1. Doctorates: European Business, Global Trade
  2. Masters: Business in Europe, International Business, Foreign Trade

Online Students, Master in International Business

European Union, Master Doctorate Business Masters and Doctorates in International Business adapted to the Cypriot Students

The course materials are available in Master in International Business in English + Study Master Doctorate Business in Spanish Chipre Study, Master in International Business in French Chypre Masters Foreign Trade in Portuguese Chipre.

  1. Credits of the Subject “Doing Business in Cyprus”: 1 ECTS
  2. Duration: one week

Examples of the Subject - Foreign Trade and Business in Cyprus:
European Union-Egypt Association Agreement (Course Master)





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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries
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Description of the Subject: Doing Business in Cyprus

The Republic of Cyprus (Europe)

  1. Capital of Cyprus: Nicosia
  2. Cypriot Official Languages: Turkish and Greek
  3. Area of Cyprus: 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 of Cyprus: 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. Cypriot services sector is one of the pillars of the economy of the Republic of Cyprus
  2. 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. Main Cypriot Exports: 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 a beneficiary of the EU Free trade agreements: Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...

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 European Council Convention against Corruption (GRECO)
  10. International Monetary Fund (IMF)
  11. European Bank for Reconstruction and Development
  12. Convention Relating to Temporary Admission
  13. Asia-Europe Economic Meeting (ASEM)
  14. Organisation for Security and Cooperation in Europe (OSCE)

European Union-Chile Free Trade Agreement (Course)

Course Master: Organisation for Security and Cooperation in Europe (OSCE)



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