🇪🇺 🇨🇾 Services generate 51% of EU business value added.
They account for 64% of enterprises and 53% of employment, with Cyprus following the same service-heavy economic structure.
@eu-economics.wsocial.eu
@eu-economics.wsocial.eu🇪🇺 🇨🇾 Services generate 51% of EU business value added.
They account for 64% of enterprises and 53% of employment, with Cyprus following the same service-heavy economic structure.
@eueconomics.bsky.social🇨🇾 Cyprus created 9,152 businesses in 2024 against 5,566 closures.
Its enterprise death rate was only 5.9%, well below the EU’s 9.2%.
@eu-economics.wsocial.eu🇨🇾 Cyprus created 9,152 firms in 2024, while 5,566 closed.
Its business-death rate was just 5.9% versus 9.2% across the EU — a strong sign of business resilience.
@eueconomics.bsky.social🇨🇾 Bank of Cyprus now supports direct Indian Rupee transactions.
The move reduces cross-border payment friction and strengthens Cyprus’s role as an EU gateway for India-linked business.
@eu-economics.wsocial.eu🇨🇾 Bank of Cyprus is opening a more direct financial corridor with India.
Customers can now transact directly in rupees, reducing intermediary-currency friction as the bank expands its India presence.