Investor Presentaiton
Solid institutional framework and effectiveness
• Cyprus is in upper range of Worldwide Governance
Indicators of the World Bank.
• The Republic of Cyprus has a presidential system of
government with divisions of authority in the
executive, legislative and judicial branches. The
constitution vests executive power in a president who
is elected for five years. Legislative power is exercised
by the House of Representatives and judicial power
lies with the courts.
• Next scheduled elections: Parliamentary (2021), Local
(2021), Presidential (2023).
• Government effectiveness shown by track record of
correction of imbalances with swift improvement of
public finances in the years 2006-2008 and 2013-
2015.
• Cyprus' legal system is modelled on the English legal
system and European Law; also practises Common
Law.
Worldwide Governance Indicators for Cyprus (2018)
Control of
corruption
Government
effectiveness
Regulatory
quality
Political stability and
absence of
violence/terrorism
Rule of law
Voice and
accountability
0-10th percentile
50-75 percentile
74
65
7
78
81
76
81
10-25th percentile
75-90th percentile
25-50th percentile
90-100th percentile
Source: The World Bank
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