The labour market in Nicosia
One of the wealthiest cities in the Mediterranean, Nicosia is Cyprus' largest city and its indisputable business hub. Located in the centre of the island, from Nicosia you can reach all of Cyprus' main towns and cities via the country's highway infrastructure. This makes Nicosia a natural fit for both administrative and business purposes. Indeed, Nicosia is home to numerous financial institutions (such as the Bank of Cyprus, the Hellenic Bank and the Cyprus Popular Bank) and legal firms, as well as many global companies who have chosen this city for their EU base due to the favourable taxation scheme. The most sought-after fields are engineering, finance, information technologies and telecommunications, whereas other sectors on the rise are real estate, industry and the service sector. The latter goes hand in hand with the fact that the tourism industry is the most profitable sector in Cyprus in general: currently accounting for the most significant part of national GDP.
Nicosia is also a university city, holding the most amount of universities and colleges on the island. Thousands of international students flock to Nicosia every semester to study, which is facilitated by the fact that the main language for studying is English.
Good to know:
English is also the primary business language in Nicosia, however since the official language of Cyprus is Greek, most employers will ask that you have some knowledge of it.





