Cyprus small business ventures invigorate the economy

Ioannis Violaris, Danae Harmandas, Yiannos Loizides

    Research output: Contribution to journalArticle

    Abstract

    Cyprus has managed to advance itself and be recognized as one of the world's 32 advanced economies. By supporting local and foreign socioeconomic interests over the years, the small island-nation today boasts rapid growth, full employment conditions, external and internal stability, strong telecommunications infrastructure, and a society well prepared to embrace the emerging knowledge economy. Recognizing its susceptibility to external economic trends as well as its attraction for various migrant groups, however, the people of Cyprus have embraced the benefits of putting their social capital to financial gain and the improvement of quality of life by supporting local business and welcoming foreign investment.

    Original languageEnglish
    Pages (from-to)105-110
    Number of pages6
    JournalThunderbird International Business Review
    Volume54
    Issue number1
    DOIs
    Publication statusPublished - Jan 2012

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