Statement:
It is harder to do business in Sri Lanka than in Cyprus

In the Ease of Doing Business rating Sri Lanka holds position #79 2020 out of 181 and Cyprus is #41 out of 181 2020.
Position of Sri Lanka is worse than position of Cyprus.

Referencies:

  1. Ease of Doing Business 2020 by World Bank
    The countries in the rating sorted by 'Score' in descending order.
    Cyprus 'Score' value is 73.4
    Sri Lanka 'Score' value is 61.8