According to the data of Cyprus Government, the number of applications for registration of a new company came to 919 in September, what is an increase of 15% comparing to the same month last year. On a monthly basis, the number of applications made in September increased 27 per cent over August this year. The total of new applications the beginning of the year until the end of September stood at 8,217, compared with 10,927 for the whole of 2013. However, the total annual number of applications is still low compared with those of 2012 and 2011. Moreover, the total number of registered companies at the end of September 2014, had dropped by 16,950 items.