EENI Global Business School

Business in Cyprus, Nicosia, merchant marine



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Syllabus of the Subject

Cypriot Economy and Foreign Trade. Business in Nicosia (Cyprus)


  1. Introduction to the Republic of Cyprus (EU)
  2. Economy of Cyprus: The world's fourth largest ocean fleet
  3. Business in Nicosia
  4. Cypriot International Trade
  5. Investment in Cyprus
  6. Access to the Cypriot Market
  7. Business Plan for Cyprus


The objectives of the subject “International Trade and Business in” Cyprus” are the following:

  1. To analyze the Cypriot Economy and Foreign Trade
  2. To know the business opportunities in the Cypriot Market
  3. To analyze the trade relations of Cyprus with the country of the student
  4. To know the Trade Agreements of Cyprus as a member of the EU
  5. To develop a business plan for the Cypriot Market

Online Student Master in International Business


The Subject “Foreign Trade and Business in Cyprus” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Doctorate in International Business (DIB) Online

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Languages: Masters, Doctorate, International Business, English + Study Master Doctorate in International Business in Spanish Chipre Study Doctorate in International Business in French Chypre Masters Foreign Trade in Portuguese Chipre.

  1. Credits of the Subject “Doing Business in Cyprus”: 1 ECTS
  2. Duration: one week

EU, Masters, International Business Trade Masters adapted to Cypriot Students.

Foreign Trade and Business in the EU Countries

International Trade and Business in Cyprus

EU International Relations


Market Access - Free Trade Agreements

Preferential Access and Trade Agreements of Cyprus:

  1. Cyprus and the Orthodox Economic Area / European Economic Area
  2. The EU
    1. As a member of the EU, Cyprus is a beneficiary of the EU Trade Agreements
    2. European Single Market
    3. The EU Services Directive
    4. European Digital Single Market
    5. European Customs Union

European Single Market


Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. GATS
    2. Agreement on the Application of Sanitary Measures
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. WCO
    1. Kyoto Convention
  3. Convention Harmonization of Frontier Controls of Goods
  4. BIC
  5. Chicago Convention (ICAO)
  6. IMO
    1. Convention for Safe Containers
    2. Istanbul Convention
  7. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  8. International Chamber of Shipping
  9. Customs Convention on Containers - not a member
  10. ICC

The EU and Their Institutions


  1. The EU
    1. EBRD
    2. ECB
    3. EIB
    4. EU-CELAC Summit
  2. UNECE
  3. OSCE
  4. Group of States of the European Council Convention against Corruption

Globalization and International Organizations

  1. UN
  2. WTO
  3. WB
  4. IMF
  5. Asia-Europe Meeting


The Republic of Cyprus.

  1. Capital of Cyprus: Nicosia
  2. Cypriot Official Languages: Turkish and Greek
  3. Area of Cyprus: 9,251 km²
  4. Cypriot Population: 1.14 million people
  5. Type of Government: Presidential Republic
  6. Nearest countries (by sea): Turkey, Syria and Greece
  7. Independence of Cyprus: 1960 (UK)
  8. Northern Cyprus was occupied by Turkey (1974) creating the Turkish Republic of Northern Cyprus (only recognized by Turkey)

Religion in Cyprus: Orthodoxy (Christianity)

  1. Cyprus belongs to the Orthodox Economic Area (European Economic Area)

Orthodox Christianity, Ethics and Global Business


Foreign Trade (Importing, Exporting)

Economy of Cyprus.

  1. Cypriot services sector is one of the pillars of the economy of the Republic of Cyprus
  2. Cypriot Industrial sector employs 25% of the population
  3. GDP (nominal): 22,446 million dollars;
    1. Agriculture: 2%
    2. Industry: 19%
    3. Services 79%
  4. GDP per capita: 29,830 dollars
  5. Cypriot Currency: Euro (2008)
  6. Cyprus joined the EU in 2004
  7. 2012: rescue by the EU (17,500 million Euros)
  8. In 2013 a “corralito” was imposed in Cyprus
  9. The fleet of vessels registered in Cyprus represents the fourth largest in the world

Cypriot Foreign Trade.

  1. Main Cypriot Exports: citrus, cement, potatoes, medicines, dresses
  2. Top trading partners of Cyprus are Greece, Germany, the UK, Italy


(c) EENI Global Business School (1995-2024)
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