Cyprus is up one rank in World Bank’s “Doing Business” rankings

This year’s “Doing Business” report, compiled by World Bank, ranks Cyprus in the 36th position out of 185 countries ranked. Cyprus in 2013 report moved up one position as its 2012 ranking was 37. It is noted however that Cyprus ranks better than its main competitors in the world-wide financial business centre arena. Luxemburg is ranked 56th and Malta 102nd clearly confirming the supremacy of Cyprus as an international business jurisdiction.