2022-2023 Cyprus Country Report
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CYPRUSCOUNTRY REPORT <strong>2022</strong><br />
BUSINESS CULTURE<br />
Respect, hospitality and personal trust are the cornerstones of the Cypriot business<br />
environment. An island nation with a long history of dealing with foreign traders<br />
and businesses, Cypriot businesspeople are international in their outlook and astute<br />
and knowledgeable in their negotiations. Punctuality is expected, business dress is<br />
formal for both men and women, especially at the beginning of a business relationship,<br />
and even in warm weather. Most Cypriots prefer face-to-face meetings to telephone<br />
conferences or written communications, which are regarded as too impersonal, and<br />
place great importance on building personal relationships with business partners or<br />
connections. Trust is the key to successful business dealings in <strong>Cyprus</strong>.<br />
LANGUAGE<br />
Greek and Turkish are the official languages of <strong>Cyprus</strong>. However, English, the<br />
legacy of the British who ruled <strong>Cyprus</strong> from 1878 to 1960, is widely spoken and is<br />
the language of business. Many Cypriots also speak French, German or Russian.<br />
BUSINESS HOURS<br />
Office hours are generally 8.30am to 1.00pm and 2.00pm to 5.30pm, Monday to<br />
Friday. Although in summer some offices take a longer lunch break or finish early.<br />
Nicosia<br />
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