In 2024, the share of jobs in Cyprus accounted for by foreign-controlled enterprises stood at 10%, one of the lowest rates in the EU, according to data published by Eurostat.
More specifically, in terms of employees and self-employed persons, foreign-controlled enterprises accounted for 10% of jobs in Cyprus, the same share as in Italy. A lower rate was recorded in Greece, at 8%.
At the other end of the scale, Luxembourg recorded the highest share of jobs in foreign-controlled enterprises, at 45%, while in Ireland, Slovakia and Romania the corresponding share stood at 28% in each country.
Across the EU, only 1% of market producer enterprises were foreign-controlled in 2024, according to Eurostat. Of these, 59% were controlled by institutional units based in other EU countries and 41% by institutional units outside the EU.
(Source: CNA)
