Cyprus New Company Apps Jump

Cyprus' Finance Minister Harris Georgiades.

NICOSIA – Cyprus received some good economic nes in the middle of summer when its was reported applications for registration of new companies submitted in July 2014 jumped to the highest level of the past 16 months. The applications reach levels recorded before economic crisis hit in March 2013.

The Department of Registrar of Companies and Official Receiver revealed that new applications reached 1,138, up from 908 in in July 2013, a jump of 25.3 percent.