Cyprus has been participating in GEM since 2016. 2022/2023 marks the seventh consecutive year in which the country has been part of GEM. This year, 2000 individuals (aged 18–64) participated in the APS in Cyprus through telephone interviews, whereas 36 national experts responded to the NES. The 2022/2023 report aims to discuss the status of entrepreneurial indexes and ecosystem conditions as shaped by the pandemic and recent geopolitical conflicts. This version draws on data of the past two years to compare the 2022/2023 results and reflect on the changes recorded. In line with the approach in earlier GEM Cyprus reports, in the 2022/2023 report we compared Cyprus’ index rates with the previous two years, with corresponding European average rates.