Insider Business Cyprus named 62nd best country to invest or do business in -...

Cyprus named 62nd best country to invest or do business in – CEOWORLD magazine

Cyprus is the 62nd best country in 2019 to invest or do business in, according to the CEOWORLD Magazine.

The rankings were based on 11 different factors including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness. Each category was equally weighted.

Cyprus had a total score of 50.4. Specifically, it scored 60 in economic stability, 48 in government policies, 81 in skilled labour force, 61 for institutional framework, 66 in education and research, 51 in market potential and 85 in trade openness.

Malaysia was the best country in the world to invest in or do business for 2019, according to CEOWORLD. Poland took silver, followed by Philippines (No. 3), Indonesia (No. 4), and Australia (No. 5).

Top Stories

143 new cases of COVID-19, one death announced on Wednesday

The Health Ministry announced the death of one person due to COVID-19. This raises the death toll from the virus in Cyprus to 231,...

Spa uses thermal water to help recovering Covid patients

A thermal baths spa in the city of Pisa, where a day to unwind and relaxation is not possible due to Covid restrictions, is...

Fire in Limassol, near Koilani village

The Fire Service in Limassol has been mobilized after a fire broke out in a hard to reach area of Koilani village, According to the...

Truck collides with van; One person in hospital

An accident occurred at the old Nicosia-Limassol road when a truck collided with a van and as a result one person was injured. According to...

More than 64,000 vaccinations in Cyprus.

In an announcement, the Health Ministry noted that Cyprus is moving ahead toward the completion of one of its main targets, regarding the vaccination...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...