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The Greek Cypriot government is a member of the European Union (EU) and it operates as a free market society (Cyprus, 2008). Cyprus offers an excellent opportunity for potential foreign investors and trade partners but all potential investors and trade partners should be very aware of the risks associated the internal conflicts within Cyprus.
Cultural Impact on FDI
Although the culture in Cyprus is diverse, a large segment of the population, 78%, identify themselves as Greek Orthodox Christians sharing many of the same values, beliefs, and customs (Cyprus – culture, 2008). The Greek Cypriots place strong emphasis and value on the extended family, and they honor the elderly citizens (Culture, 2008)...
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