When you buy online: What you need to know about online marketing in Cyprus
On Thursday, Cyprus’s government announced plans to introduce a new online marketing plan, offering a chance for businesses to register their online presence, while boosting their digital marketing capabilities.
Cyprus is one of the world’s most successful online markets, and it is estimated that over 10 million businesses around the country have already registered online through the program.
But while the plan is supposed to help improve the country’s online marketing capabilities, it is also going to cause a stir online.
The announcement of the plan, which is due to take effect on January 31, is a big blow to online businesses in Cyprus, and comes amid growing public anger over the lack of transparency and accountability of the Cypriot government.
In addition to the registration fee, the new online advertising scheme will also require companies to pay for access to their own website.
This will add a lot of costs for businesses, according to the government.
Online marketing in the country is notoriously fragmented, with many online businesses either relying on existing advertising platforms or using third-party services.
The new program is expected to significantly boost the popularity of some of the more popular online marketing platforms, including WordPress, Facebook, Twitter and YouTube.
Cyprus is one in a growing number of European countries to introduce online marketing initiatives that target a certain market segment.
The government is also considering a proposal to introduce similar measures in Germany, Spain, Denmark, the Netherlands, Sweden and Austria, according the Business Insider.
As a result, many of the biggest online markets are planning to shut down or cut back their operations in order to comply with the new plans.
According to industry experts, this move by the Cygos government could affect many online marketing firms in the future, including those based in the European Union.
The Cyprus government’s decision comes in the midst of the countrys own economic woes.
While GDP growth is expected in the coming months, the country has been facing a severe financial crisis since the summer of 2015, with the country in need of billions of euros to pay off its debts.
In an attempt to combat the economic crisis, the government has introduced a series of measures, including privatizing some of its assets, imposing a tax of 50% on the income of the top 10% of citizens, and imposing a 10% tax on the annual income of those earning over 100,000 euros.