Introduction
Transposition (Cyprus)
Trend since last reporting period: ↑ positive; ↓ negative; = neutral
Ranking out of 27: 1 to 9; 10 to 18; 19 to 21
| INDICATORS ON SINGLE MARKET DIRECTIVES | Dec. 2023 | EU average | Ranking | Trend |
|---|---|---|---|---|
| Transposition deficit (percentage of all directives not transposed) | 0.9% | 0.7% | 17 | = |
| Overdue directives | 9 | 7 | ||
| Long-overdue directives (> 2 years) | 1 | 2 | 3 | ↓ |
| ||||
| Average delay in transposing directives (in months) | 15.1 | 18.3 | 7 | ↓ |
| Conformity deficit (percentage of all directives transposed incorrectly) | 0.9% | 1.2% | 8 | ↓ |
| Duration of infringement proceedings for late transposition (in months) | 16.5 | 17.9 | 9 | NA |
Infringements (Cyprus)
Trend since last reporting period: ↑ positive; ↓ negative; = neutral
Ranking out of 27: 1 to 9; 10 to 18; 19 to 27
Ranking out of 21 (compliance with Court rulings): 1 to 7; 8 to 14; 15 to 21
| INDICATORS ON SINGLE MARKET INFRINGEMENT PROCEEDINGS | Dec. 2023 | EU average | Ranking | Trend |
|---|---|---|---|---|
| Number of pending infringement proceedings | 23 | 26 | 10 | ↓ |
| Problematic sectors |
| |||
| Average duration of infringement proceedings (in months) | 41.1 | 49.0 | 6 | ↑↑ |
| Average time taken to comply with Court rulings (in months) | NA | 54.3 | NA | NA |
Internal Market Information System (Cyprus)
Requests accepted within one week (%)
Requests answered by the deadline agreed in IMI (%)
Satisfaction with timeliness of replies - as rated by counterparts (%)
Satisfaction with efforts made - as rated by counterparts (%)
Speed in answering requests (days)
Technical regulations information system (Cyprus)
SOLVIT (Cyprus)
Caseload
Submitted cases: 13 (13 in 2022)
Received cases: 63 (85 in 2022)
Cases not accepted: 15 (14 in 2022)
New 90% benchmark for MS to solve problems through their national SOLVIT centre: 95.2%
0 cases were kept open for longer than 365 days
Handling time (as home centre)
Reply in 7 days: 83% (90% in 2022)
Cases prepared in 30 days: 85% (92% in 2022)
Solutions accepted within 7 days: 90% (75% in 2022)
Cases not accepted within 30 days: 100% (93% in 2022)
Handling time (as lead centre)
Cases accepted within 7 days: 97% (95% in 2022)
Cases closed within 10 weeks: 84% (76% in 2022)
Staffing level
Sufficient
Payment delays (Cyprus)
No data available.
Responsive administration and burden of regulation (Cyprus)
| Indicator | 2022 | EU average |
|---|---|---|
| Burden of government regulation (survey replies: 1 = worst, 7 = best) | 4.1 | 3.8 |
| Digital public services to start and run a business (100% = best performing) | 84.7% | 83.7% |
| Payment delays by public authorities | n/a days | 17.5 days |
| Time to resolve insolvency (2020) | 1.5 years | 2.0 years |
| Impact of regulation on long-term investment decisions (survey replies) | 39.7% | n/a |
Access to public procurement (Cyprus)
| Indicator | 2022 | EU average |
|---|---|---|
| Single bidder | 16% | 37% |
| No calls for bids | 39% | 7% |
| Publication rate (value advertised on Tenders Electronic Daily, in % of GDP) | 3.8% | 5.84% |
| Cooperative procurement (proportion of procedures with more than one buyer) | 9% | 7% |
| Award criteria (proportion of procedures awarded to cheapest bid) | 94% | 56% |
| Decision speed (days) | 128 | 87 |
| SME contractors | 88% | 56% |
| SME bids | 85% | 66% |
| Procedures divided into lots | 22% | 30% |
| Missing calls for bids | 0% | 1% |
| Missing seller registration numbers | 0% | 46% |
| Missing buyer registration numbers | 1% | 39% |
Note: A typical (mid-ranking) EU country is used for the EU average for all indicators except the publication rate.
Access to services and services markets (Cyprus)
| Indicator | 2021 | EU average |
|---|---|---|
| Restrictiveness indicator – architect | 2.7 | 2.5 |
| Restrictiveness indicator – accountant | 0.0 | 1.7 |
| Restrictiveness indicator – civil engineer | 2.7 | 2.4 |
| Restrictiveness indicator – lawyer | 3.8 | 3.4 |
| Restrictiveness indicator – real estate agent | 3.7 | 1.3 |
| Restrictiveness indicator – patent agent | 3.8 | 2.2 |
| Restrictiveness indicator – tourist guide | 1.4 | 1.2 |
| Domestic priority letter prices, letter 20 g | € 0.41 | € 0.99 |
| Intra-EU priority letter prices, letter 20 g | € 0.64 | € 1.61 |
| Domestic transit times, day+1 performance, priority letters 20 g | 80.0% | 84.3% |
Note: The EU restrictiveness indicator (EURI) measures the level of restrictiveness for the cross-border provision of services and the right of establishment for seven groups of professional services with a high share in EU firms’ intermediate consumption or cross-border mobility. The level of restrictiveness is measured on a scale from 0 (least restrictive) to 6 (most restrictive).
Access to finance (Cyprus)
| Indicator | 2022 | EU average |
|---|---|---|
| Access to public financial support (% of SMEs indicating deterioration) | 26.5% | 20.2% |
| Time to get paid by businesses (2022 survey) | n/a days | 56 days |
| Venture capital investments (% of GDP) | 0.02% | 0.08% |