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Challenges and Prospects for International Businesses in Cyprus

Published January 17, 2026, 13:09
Challenges and Prospects for International Businesses in Cyprus

The President of the Cyprus International Business Association (CIBA) analyzes the challenges and prospects for international businesses in Cyprus. Despite Cyprus maintaining its role as a regional business hub, 2026 is expected to be a critical year due to global uncertainty and intense competition. Geopolitical developments, stricter regulations in the EU (tax transparency, corporate governance, ESG), and the availability of skilled human resources pose significant challenges. Cyprus must adapt to these risks and ensure the attraction and retention of talent. CIBA has established an Education and Training Committee to bridge the gap between academic education and labor market needs, collaborating with universities to enrich study programs. The availability of specialized personnel is now a key factor in Cyprus' investment attractiveness. Adaptability, resilience, and compliance with international standards are essential for the sustainability and further development of international businesses in Cyprus.