Cypriots say starting a company is ‘easy’

Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022.

With the support and sponsorship of the Ministry of Energy, Commerce and Industry, the Center for Entrepreneurship (C4E) at the University of Cyprus has compiled the National Report for Entrepreneurship, acting as the national coordinator and Cyprus' representative in the Global Entrepreneurship Monitor.

A press release by the University of Cyprus says that Cyprus is participating in GEM for the sixth consecutive year and that through its participation in the GEM consortium, Cyprus is becoming part of the global map of entrepreneurship and innovation.

The results of the report show that, in 2021/2022, perceptions about entrepreneurship in Cyprus remained optimistic despite the pandemic circumstances.<...