Evaluating the market in Cyprus

We can help you get a better understanding of market activity, relationships and support to grow your business.
An icon representing a measurement gauge.

Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
 

An icon representing information passing through a magnifying glass.

Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.
 



Read the latest Government of Canada travel advisory for this market.
 

 

 

Business environment in Cyprus

Canada and Cyprus have a modest trade and investment relationship. Its economy is driven by agriculture, shipping, and tourism, as well as offshore banking and professional services. While Cyprus benefits from its membership in the EU and eurozone, high levels of external debt and reliance on foreign investment leave the economy vulnerable to external shocks. Sanctions on Russia over the war in Ukraine will limit growth potential, as Russia is an important trading partner and source of tourists.


 

Interested in growing your business in this market?

If you’re an existing customer, please contact your EDC account manager about any additional support you need. If you’re new to EDC, please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-800-229-0575

Or send us a question and we’ll get back to you as soon as possible. Send a question.

Date modified: 2018-05-14