Aiming to obtain first hand, detailed and precise knowledge of the issues of immediate concern to its members at certain points in time, the Limassol Chamber of Commerce and Industry introduced the idea of its own Business Barometer.

The Barometer, in the form of a questionnaire, is to be sent to members twice a year, in autumn and spring, and answers received are in for elaboration at different levels, with a view to determining how the business sector in general, as well as specific sectors, feel about the existing economic situation, what hinders entrepreneurship, what can be expected for the near future and what the business sector planning might be like, in terms of investments, recruitment of personnel, etc.

The Chamber does not view the whole effort as just a theoretical exercise. The basic objective is to make optimum use of the findings towards policy formulation.

The deadline for the submission of questionnaires for the autumn 2016 version of the barometer expired on October 7. The results will be published in the LCCI website. The next barometer will be sent out in March 2017.