Cyprus is one of the most heavily militarized islands in the world. This generates a number of conflict risks related to the decades-old Cyprus problem. Scroll to learn more.

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.

 

Why you need independent analysis on Cyprus

Cyprus is a small European Union country in the Eastern Mediterranean with an all-island population of around 1.4 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
  • Energy and structural reforms
  • 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.

 

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Bespoke services

Clients often seek us out for urgent or ongoing insights and advice 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 on Cyprus

1. Sapienta Cyprus Problem Risk Index

Cyprus is one of the most heavily militarized islands in the world. This generates a number of conflict risks related to the decades-old Cyprus problem. We now track this with an index. See more about the Cyprus Problem Risk Index here.

2. Sapienta Cyprus Insights

Our Sapienta Cyprus Insights are short, rapidly produced news-led analyses focusing on topical issues for people who have to report quickly back to headquarters or capitals. Sapienta Cyprus Insights are published approximately every two months. Subjects include energy, regional security, domestic politics, the economy, northern Cyprus and so on. See a list of the latest Cyprus Insights Reports here.

3. Older ad hoc Special Reports

Cyprus and Russia Sanctions: 29 April 2022. 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 contact us on LinkedIn.

Single issues of our various reports

You can also buy recent single issues of our latest analysis here.

Buy a single issue: our latest unrivalled insights on Cyprus

You may also contact us for a free trial. 

Full issue of Sapienta Country Analysis Cyprus
Full issue of Sapienta Country Analysis Cyprus 31 Aug 2026

This is a single issue of our monthly Sapienta Country Analysis Cyprus. Our subscribers include the biggest companies and largest international institutions in the world. In addition to an executive summary, each reports contains 6 in-depth sections. To find out more about an annual subscription read more here.

  • Political analysis and outlook
  • Energy and structural reforms
  • Fiscal performance and forecast
  • Banking sector
  • Macroeconomic trends and forecast
  • Economy of northern Cyprus*
  • Charts

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

Click here to buy
Full issue of Sapienta Country Analysis Cyprus
Full issue of Sapienta Country Analysis Cyprus 31 Jul 2026

This is a single issue of our monthly Sapienta Country Analysis Cyprus. Our subscribers include the biggest companies and largest international institutions in the world. In addition to an executive summary, each reports contains 6 in-depth sections. To find out more about an annual subscription read more here.

  • Political analysis and outlook
  • Energy and structural reforms
  • Fiscal performance and forecast
  • Banking sector
  • Macroeconomic trends and forecast
  • Economy of northern Cyprus*
  • Charts

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

Click here to buy
Full issue of Sapienta Country Analysis Cyprus
The first Covid-19 issue published on 31 Mar 2020

Within days of Cyprus imposing a harsh Covid-19 lockdown and closing crossing points along the UN-monitored buffer zone, we produced a full and then ongoing analysis of the impact on public finances, the banking sector and the Cyprus problem.

Click here to buy
Full issue of Sapienta Country Analysis Cyprus
The Crans Montana issue published 31 July 2017

The high-level negotiations to solve the Cyprus problem crashed on 7 July 2017 with recriminations and different narratives on all sides. Here we tried to unpick what really went on, as well as covering in-depth the other sections as usual.

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Newsletter and YouTube

  • Sapienta Cyprus Reflections. Our Director, Fiona Mullen, launched a reader-supported newsletter on Substack in 2022. You can sign up for free for the newsletter here. 
  • YouTube. Videos published on Sapienta Cyprus Reflections are also later published on YouTube here.
  • Cyprus Pocket Brief. This is the executive summary of the flagship Sapienta Country Analysis Cyprus report—a peak into what prestigious subscribers get with a full subscription. It is now a paid subscription which you can find for just €100 per year here. 
  • Cyprus Energy Analysis. Cyprus Energy Analysis is an exact copy of the Energy and structural reforms section of our unrivalled monthly independent Sapienta Country Analysis Cyprus, with just a different cover. You can find it for just €330 per year here.
  • Sapienta Country Analysis Cyprus Q. A budget-friendly option, subscribe to four issues per year: the March, June, September and December issues of Sapienta Country Analysis Cyprus. You can find it for just €495 per year here.

Podcast: Figure It

Hosted by IslandTalks.fm Cyprus’ only trilingual podcast station of Cyprus, Figure It aims to go beyond the headlines, hosting respected names & specialists on economic and social issues to mythbust some of the most common misconceptions on the island.

WYSIWYG: no ai used to write our reports

Do we use ai to write our reports? Absolutely not. We find text written using artificial intelligence (ai) or related models to be at best hard to remember and at worst soporific. Therefore ai is not used to write any sentence in our reports. We occasionally use ai for tricky Excel formulae or searching hard-to-find links to reports/articles in Greek or Turkish.

Our unique analysis is based on 20+ years of watching subtle changes in the political scene or in economic stability that one cannot glean simply from headlines. We are confident no one, and no thing, can match our insights.

Our reliance on true sources is why you will find that the political, policy and energy sections are peppered with links to original sources and why the statistics sections are full of tables and charts showing where the data came from. This builds trust in our product; and trust is priceless.

The only instances in which we might use ai is for technical queries that are instantly verifiable: for example to look up a new complex Excel formula, to use a new technical trick in Word or trying to remember technical details about loading reports onto the website.

All products & prices

Enjoy a discount if you combine products. You can download the table below in PDF format here.