Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting June 16:

Cyprus has slipped one place in the IMD World Competitiveness Yearbook 2025, ranking 44th globally, according to the latest report published by the Switzerland-based IMD business school in Lausanne.

The country had ranked 43rd in 2024, and despite this year’s minor decline, Cyprus remains significantly behind its 2021 position when it was ranked 33rd.

The World Competitiveness Yearbook evaluates...