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Cyprus News Agency: News in English, 16-10-26

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Eurostat: Cyprus home to the least number of high-growth enterprises

    in the EU in 2014


  • [01] Eurostat: Cyprus home to the least number of high-growth enterprises in the EU in 2014

    CNA - Athanasios Athanasiou - Belgium/Brussels 26/10/2016 14:52

    Cyprus was at the bottom of the EU list with countries hosting so-called high-growth enterprises in 2014, according to Eurostat. Only 70 such companies existed in Cyprus, a share of 2.2% in the local market, employing just 4,897 people, or 3.6% of the work force.

    In 2014, around 145,000 companies, or almost a tenth (9.2%) of all active enterprises with at least ten employees in the business economy in the European Union (EU) were recognized as high-growth enterprises, providing work for over 12 million employees.

    These firms have been distinguished using the following criteria: average annualized growth in number of employees greater than 10% per year over a three-year period and at least 10 employees at the beginning of the growth.

    High-growth enterprises play an important role in contributing to economic growth and the creation of jobs. Look ...

    (CNA)

    *The full text of the news item is available in the paid version of the CNA web service.

    *CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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