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ASBISc Enterprises PLC (“ASBIS”)
- Home:
- Investment Sectors:
- Information & Communication Technologies
Information and Communication Technologies (ICT)
One of the priority growth sectors in the Goverment of Cyprus Strategic Development Plan (2007-2013), is Information Communication Technology. Specifically, Cyprus wellcomes FDI to expand and/or develop projects on e-Government, e-Business, e-Learning, e-Inclusion, e-Health and overall ICT services.
The sector is relatively advanced and well regulated by the Office of the Commissioner of Telecommunications and Postal Regulation(www.ocecpr.org.cy). This regulator was established in 2002 and the fundamental principles of its operation, based on the acquis communautaire and the European experience, are transparency, equal treatment, non-discrimination and good faith in its relations with the licensed operators and the consumer.
Cyprus was ranked 32nd out of 142 countries with score 4.66 out of 7.0 for the "Global Information Technology Report (GITR) 2012" - the "Networked Readiness Index 2012".
Advantages/Opportunities
- Established great infrastructure with nodes connecting Cyprus to the rest of the world
- Switching to digital terrestrial TV broadcasting by 2011
- Focusing on Wireless Access System Networks
- Broad array of companies offering a variety of services including 50 software development companies, more than 10 internet service providers, 5 telecommunication companies and 15 web design companies
- Excellent education level of the workforce in Cyprus (32.3% of the workforce of the age group 25-64 in 2010 have completed tertiary education)
- Over 1000 graduates in the fields of mathematics and computing every year
- In the audio, visual and film production services, more than 20 companies are operational, taking advantage of the sunny weather conditions in Cyprus
- Government commitment to further expansion in this sector
Latest News
Cyprus - Russia Double Tax Treaty (DTT)
- May 07, 2012
Russia urges citizens to refrain from buying property in occupied Cyprus
- Apr 10, 2012
The Index of Economic Freedom 2012 - Heritage Foundation and Wall Street Journal
- Mar 22, 2012
