According to the data, the number of applications for registration of a new company came to 919 in September compared to 798 in the same month last year, an increase of 15%. On a monthly basis, the number of applications made in September increased 27%, or 196 applications, over August this year.

The total of new applications the beginning of the year until the end of September stood at 8,217, compared with 10,927 for the whole of 2013. However, the total annual number of applications is still low compared with those of 2012 at 18, 098 and 19,509 in 2011.

Moreover, the total number of registered companies at the end of September 2014, had dropped by 16,950, down to 255,207, from 272,157 at the end of 2013 and 269,345 at the end of 2012.

Source: Cyprus Mail