Cyprus is the 14th in the rating of economic freedoms!
According to the forecast of the European Commission in 2018 and 2019, a serious growth of the Cyprus economy is expected …
In the annual ranking of economic freedoms, which is the Canadian Fraser Institute, the Republic of Cyprus ranked 14th, which is 31st place higher than the previous year. As experts say, such a high score is due to relatively easy access to finance. The same is true of the impartiality of the judicial system.
The main criteria for this rating are: personal choice, freedom of competition and access to markets, the ability to conduct a voluntary exchange of goods and services, protection of the rights to private property and the personal safety of citizens.
The main factors of the rating:
1. The presence of the state in the economy
2. Legislative base and protection of property rights
3. Finance availability
4. Freedom in International Trade
5. The degree of regulation of the credit market, as well as the labor market and business