Cyprus saw a continued rise in business activity in 2023, with the number of enterprises climbing by 4.5 per cent to 125,152 compared with 119,816 in 2022, according to the Statistical Service (Cystat) .
This increase marked the fifth consecutive year of expansion. The business register has grown steadily since 2018, when it stood at 101,323 enterprises.
It rose by 5.7 per cent in 2019, 1.3 per cent in 2020,
