Cyprus Business Now: BoC, tax reform, business activity, government staff

▤ Summary

Cyprus business activity continued to expand in 2023, with the number of enterprises rising 4.5% to 125,152 and micro-enterprises remaining the dominant business type. The article also notes strong demand for a Bank of Cyprus debt transaction, which attracted more than 100 institutional investors and was oversubscribed more than ten times. In parallel, Cyprus is hosting a virtual training program to help financial institutions and crypto asset service providers improve sanctions compliance and manage evasion risk. The piece also mentions CIBA’s tax reform positions, government employment changes, and industrial commodity sales, but those items are broader economic updates rather than software-industry events.

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