{"id":118374,"date":"2025-09-13T19:29:54","date_gmt":"2025-09-13T16:29:54","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=118374"},"modified":"2025-09-13T19:29:54","modified_gmt":"2025-09-13T16:29:54","slug":"cyprus-business-numbers-grew-4-5-in-2023-dominated-by-small-enterprises","status":"publish","type":"post","link":"https:\/\/www.lamaisonestates.com\/ru\/cyprus-business-numbers-grew-4-5-in-2023-dominated-by-small-enterprises\/","title":{"rendered":"Cyprus Business Numbers Grew 4.5% in 2023, Dominated by Small Enterprises"},"content":{"rendered":"

The number of businesses operating in Cyprus grew by 4.5% in 2023, reaching a total of 125,152 enterprises, according to data from the Statistical Service. The business landscape remains overwhelmingly dominated by small companies, with nearly 95% of all businesses employing fewer than 10 people.<\/p>\n

The Dominance of Small Businesses<\/h2>\n

While the total number of businesses increased from 119,816 in 2022, the structure of the economy remains consistent. Small businesses with 0-9 employees make up 94.8% of all enterprises and are the largest source of employment, accounting for 38.1% of the total workforce.<\/p>\n

In stark contrast, large corporations with 250 or more employees are a rarity, comprising just 0.1% of all businesses (156 in total). Despite their small number, they employ a significant 25.3% of the country’s workforce.<\/p>\n

Key Sectors by Enterprise and Employment<\/h2>\n

The “Wholesale and Retail Trade; Repair of Motor Vehicles” sector is the largest in the economy, both in terms of the number of businesses (16,672) and the number of people it employs (77,046).<\/p>\n

The “Professional, Scientific and Technical Activities” sector has the second-highest number of individual enterprises (13,235). However, in terms of employment, the “Accommodation and Food Service Activities” sector is the second-largest employer with 57,041 people, highlighting the critical role of tourism and hospitality in the national job market.<\/p>\n

Source: Stockwatch.com.cy<\/i><\/p>","protected":false},"excerpt":{"rendered":"

The number of businesses operating in Cyprus grew by 4.5% in 2023, reaching a total of 125,152 enterprises, according to data from the Statistical Service. The business landscape remains overwhelmingly dominated by small companies, with nearly 95% of all businesses employing fewer than 10 people. The Dominance of Small Businesses While the total number of […]<\/p>","protected":false},"author":9,"featured_media":118375,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/118374"}],"collection":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=118374"}],"version-history":[{"count":2,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/118374\/revisions"}],"predecessor-version":[{"id":118377,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/118374\/revisions\/118377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/118375"}],"wp:attachment":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=118374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=118374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=118374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}