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HIGH QUALITY OF LIFE

One of the best climates worldwide

  • Top 5 safest country in the world
  • Top 4 best retirement destination globally
  • Most blue flag beaches per capita in the EU (Eurostat)
  • Bathing water quality ranked “excellent” (EEA Report)
  • Cypriot citizens enjoy visa-free/visa-on-arrival access to 158 countries
  • Freedom to move reside and work freely within the EU
  • Best island economy 2017/2018 lifestyle & human capital (fDi magazine)

Positive economic outlook

Positive growth recorded

/ Cypriot economy expanded faster than EU average in 2016 (2.8%)

/ 11 consecutive quarters in positive territory

/ Growth of 3.8% in Q3 2017

/ Consecutive upgrades by Credit Rating Agencies

/ Successful return to capital markets at the lowest rates ever (June 2017)

/ Growth rates expected to reach 3.5% in 2017 – 50% higher than EU average (EU Commission, Autumn Report 2017)

 

Strong growth prospects 

/ Growth forecasted to remain robust over 2018 and 2019 (EU Commission, 2017)

/ Unemployment expected to be further reduced.

/ GDP growth of around 3+% expected to continue (Moody’s 2017, Standard & Poors, 2017)

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