ARTICLE · 14 SEPTEMBER 2017

Cyprus as a Regional Hub / Gate to the EU

Shanda Consult Ltd

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Cyprus is independent since the foundation of the Republic of Cyprus in 1960. Yet today, Cyprus benefits from its central location in the Eastern Mediterranean, being the most Eastern EU Member, closed to the Middle East and North Africa.

CyprusInternational Law

Shanda Consult Ltd

The History of Cyprus as a Commercial Regional Hub

Since more than 3000 years, Cyprus has been an economic hub between the Middle East and North Africa on the one side, and Europe on the other side.

The Phoenicians established trade hubs in Cyprus, at the time of the ten "city kingdoms". The ancient Egyptians used Cyprus as a trade hub for their commercial interchanges with the Hittites, Phoenicians and other nations of the Eastern Mediterranean. Cyprus was known for its important olive oil production at that time, being a precious commodity for lamps, food and beauty. The Roman Empire further developed the olive oil production, and Cyprus became one of the main suppliers of olive oil for Rome.

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