Unrivalled, independent, trusted analysis on Cyprus

At Sapienta Economics we offer over 20 years deep, detailed, on-the-ground analysis of all aspects the Cyprus economy as well as years of working very closely on the Cyprus problem. We are confident that no other organization in Cyprus or abroad can match our breadth, depth and independence of analysis on Cyprus.

Cyprus is a small European Union country in the Eastern Mediterranean with an all-island population of just over 1 million. It is a member of the European Union and the eurozone but, because of the ongoing Cyprus problem, it is not a member of the OECD. These factors – small size, absence from OECD statistics, a complicated political problem – mean that most large institutions dedicate few resources to the analyzing country.

For example, at the economic level, Cyprus is often left out of comparative economic analyses that pull data from OECD countries.  When something big happens (e.g. Ukraine war, Covid-19, global financial crisis, local financial crisis, high-level Cyprus problem negotiations), international analysts tend to second-guess what is going on. This leads to a misunderstanding of risks and therefore, quite likely, a mis-pricing of risk. This mis-pricing can be in two directions. Sometimes international analysis is too bearish and sometimes it is too bullish.

Another issue with analysis produced by local institutions is independence. Most institutions in Cyprus have a commercial or political interest in persuading you to invest here or keep your money here. We have no such affiliations. We make no investments in Cypriot shares or bonds and we have no party political affiliations. This means we can make an honest assessment of the situation. Sometimes things are better than they appear (for example, immediately after sanctions were imposed on Russia in 2022) and sometimes they are worse than they appear (in the run-up to the Cyprus financial crisis in 2013).

This is why Sapienta Economics is trusted by some of the largest companies in the world and some of the largest institutions.

Our analysis comes in primarily two forms: our monthly flagship Sapienta Country Analysis Cyprus and our bespoke services. Read on to learn more.

Monthly reports

If you are looking for regular in-depth analysis on the following topics visit our Country Analysis Cyprus page

  • Political analysis and outlook
  • Sectoral policies and energy
  • Fiscal performance and forecast
  • Banking sector
  • Macroeconomic trends and forecast
  • Economy of northern Cyprus*

*Areas not under the effective control of the government of the Republic of Cyprus.

Bespoke services

Clients often seek us out for urgent or ongoing insights on hot issues in Cyprus or the region that are tailored to their specific requirements.

Check out our rate card for bespoke services that include the following.

  • One-to-one consultations
  • Specialized research reports
  • Conference speeches 
  • Panel appearances
  • And more
 

Special reports

We also do special reports on topical issues. See the latest below.

Comparing Cyprus and Russia FDI data. Do they tell us anything meaningful? Read our free insights

Russia sanctions: what is the impact on Cyprus?

We have updated our February Special Report on the impact of Russian sanctions on the Cyprus economy. It includes our estimates for the impact on operating income at Bank of Cyprus and Hellenic Bank, the contribution of Russian business to Cyprus GDP, the impact on the economy and more.

 

UPDATE: This Special Report on the impact of Russia sanctions contains the following:

  • The estimated hit to Bank of Cyprus and Hellenic Bank of Russian sanctions.
  • The estimated hit to the broader economy (impact on GDP growth).
  • An estimate of the value of Russian business to the broader Cyprus economy.
  • Data on FDI to and from Russia (and why they are problematic).
  • Data on exports of services to Russia.
  • Data on imports of hydrocarbons from Russia.

Buy here or DM us on Twitter @SapientaCY

 

Single issues

You can also buy single issues of our latest Sapienta Country Analysis Cyprus here.

Buy single issue: our latest unrivalled insights on Cyprus

All the latest full issues with all sections.