More than 1,000 companies of Greek interest have transferred their headquarters to Cyprus in the past 20 months, due to the financial crisis in Greece, CNA writes citing a report carried out by the Greek embassy in Nicosia. According to the survey, a total of one 1,500 companies have transferred their headquarters to Cyprus. The majority of those are financial institutions, service related firms, retail and construction companies. Central Bank of Cyprus related data, cited in the report, shows that 59 Greek companies were registered in Cyprus in 2009 whereas in 2010 this number rose to 248. In the first five months of 2011, 107 new companies were registered. Moreover, almost one hundred of the companies registered here, have undertaken projects in the public sector.
In 2009 Greek investments in Cyprus amounted to 710.2 million euro. The report also shows that a huge number of Greek citizens are looking for a job in Cyprus. There are a total of 10.000 thousand Greeks registered in the Social Insurance Scheme, whereas a total of 1.739 persons have been registered for unemployment benefits.
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