Welcome Address by the Ambassador of the State of Israel


Israel is very proud of its relationship with Cyprus and especially, the economic cooperation the two countries have enjoyed over the decades. In recent years, Israel has become one of the major trading partners of Cyprus. The volume of trade between the two countries has increased considerably and there is strong potential for further increase in the coming years. For 2012, bi-lateral trade reached EUR 715 million (exports from Israel: EUR 676 million) making Israel  the 2nd largest exporter to Cyprus. The major contributing factor of this enhancement in trade relations has been the initiative and dynamism of the private sectors of both countries and recently, the prospects that exist for co-operation in the field of energy. Read More



Michael Harari
Ambassador of the State of Israel


Welcome Address by the President of the Cyprus-Israel Business Association

A warm welcome to the newly developed website of our Association which we aim to be informative not only for our members but also for the wider community of Cyprus and Israel.

Trade relations between Cyprus and Israel go back to the years of the establishment of the State of Israel in 1948 (some may argue even before) and have developed further with the establishment of the Republic of Cyprus in 1960.

Trading with Israel has been very beneficial to the economy of Cyprus especially in the areas of agriculture, irrigation, water technology and light industry. Tourism has been another area of close cooperation between our two countries. Read More



Christakis P. Papavassiliou
President  Cyprus-Israel Business Association