Cyprus shows biggest improvement in global competitiveness report

clock • 2 min read

Cyprus has been named the most-improved country in the IMD World Competitiveness Centre 2020 report, rising 11 places on last year's survey. Cyprus now ranks 30th out of a total listing of 63 countries, compared to 41 in 2019. The improvement of 11 places is the largest of the countries in the survey. For FDI, Cyprus ranks 2nd, behind only the United States. For tax policies, the country comes 13th. George Campanellas, chief executive of Invest Cyprus, the national investment promotion agency, credited the country's handling of the coronavirus pandemic and its new strategy to improve ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.