Cyprus recorded an enterprise birth rate of 9.7 per cent and a death rate of 7.2 per cent in 2023, according to Eurostat data released this week , showing that more companies were created than closed during the year.
Across the European Union, 3.5 million new businesses were registered, while 2.8 million ceased operations. The bloc’s average birth rate stood at 10.5 per cent , compared with a death rate
