The number of newly-born enterprises in Cyprus as a proportion of the total number of active enterprises was 10.3% in 2016, which is marginally above the EU average of 9.8%, according to figures released by Eurostat on Friday. This was up from 8.92% the previous year.
It said that the number of newly-born enterprises in the EU stood at 9.8 % in 2016, slightly higher than the corresponding figure in 2015 (9.6 %).
The birth rates were above 16 % in Lithuania (18.8 %), Malta (16.4 %) and Latvia (16.2 %) and were close to the EU average in Spain, France and the Netherlands.
At the other end of the scale, the lowest enterprise birth rates were in Greece (4.5 %) and Belgium (6.2 %).