Foreign-controlled companies were responsible for the majority of Cyprus’ service exports to countries outside the European Union in 2023 , according to new Eurostat data on services trade by enterprise characteristics (STEC).
The latest figures show that foreign-owned firms accounted for 50.66 per cent of Cyprus’ total service exports to non-EU countries .
At the same time, domestic enterprises represented 28.45 per cent , while the remainder fell under enterprises
