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Cyprus Economy rise connected to international freight

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The CEO of an international logistics company has said that ‘the future growth of Cyprus will be highly interconnected and dependent on international maritime and air freight transport.’
He says that major shipping companies are interested in Cyprus as the leading international transport hub in the Mediterranean Region.

According to the International Economic Forum, in 2017/2018 Cyprus port infrastructure quality rose from 61st to 46th place. Airline service infrastructure rose from 44th to 27th place. Logistics in the EU is dominated by road freight, followed by sea freight, railroads and inland waterways, and finally air freight.

Cyprus has been able to reduce the number of people living at risk of poverty or social exclusion from 29% in 2015 to 25,2% in 2017.