The Cyprus Economy and Competitiveness Council (Ecompet) proposed boosting Cyprus competitiveness through actions in eight sectors, stressing that the COVID pandemic highlighted the need to diversify the economy and boost resilience.
The Council issued its second competitiveness report which outlines the performance of the Cypriot economy regarding competitiveness utilising the methodology used by institutions such as the International Economic Forum’s Competitiveness Report and Doing Business Report of the World Bank. The report also compares more than 150 specialised indices while comparing Cyprus with 12 selected economies and the EU average.
Source: Cyprus News Agency