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Basic Facts

...« Strange, I can see it here, the light of the sun, the gold net where things are quivering like the fi shes which a great angel draws together with the nets of the fishermen »...

From the poem “Ayia Napa”
by George Seferis
Nobel Prize Laureate - 1963 – Literature
 
 
A GLIMPSE OF CYPRUS
 
Cyprus, the third largest island in the Mediterranean Sea, is the eastern-most corner of the European Union, and a strategic post throughout the centuries and layers of history. Cyprus has a robust, market-driven economy supported by a stable democracy and driven by a diverse, well-educated, skilled workforce, along with an excellent telecommunications and infrastructure system and the lowest tax regime in the EU. The country currency is the euro.
 
These characteristics along with over 300 days of sunshine and centuries of art and culture, perhaps constitute the best possible description in one breath, of one of the up-and-coming members of the European Union: Cyprus.
 

 

Education

Education Cyprus has a young, well-educated talent pool. The country is committed to education and is focusing on reforms to achieve sustainable growth. Since 2004 Cyprus has consistently allocated over 6% of GDP of public expenditure on Education.   Great value for money An average annual starting salary for a young graduate with a Bachelor ...

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Location and Population

Location and Population Cyprus, with an area of 9251 sq km and coordinates at 35 N and 33 E, lies at the crossroads of Europe, Africa and Asia at the crux of the busy shipping and air routes linking the three continents.   The population of Cyprus is about 838,000. The capital of Cyprus is Lefkosia situated in the heart of the island with a population of approximately 326,000. The ...

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Climate

Climate Cyprus has a pleasant Mediterranean climate, enjoying 300 days of sunshine, with mild, wet winters (mean daily minimum 5°C and maximum 13°C) and hot, dry summers (mean daily minimum and maximum temperatures are 21°C and 36°C respectively).

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Government

Cyprus is a Presidential Democratic state. The Executive authority is vested in the President who is elected for a five year term by universal vote, and exercised by a Council of Ministers appointed by the President. The Legislative authority of the Republic is exercised by the House of Representatives. House Members are elected by universal vote every five years. The administration of Justice ...

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European Union

After a long journey of over three decades, the Republic of Cyprus became a full member of the EU on May 1, 2004. Accession to the EU was a natural choice for Cyprus, driven by its culture, civilization and history, as well as its unwavering commitment to the values of democracy, freedom and justice. EU accession ...

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International Memberships

Since 1960, Cyprus has been granted membership to several international organizations, including:   European Union (2004) and Eurozone (2008) The World Trade Organization (1995) The International Monetary Fund (IMF) (1962) The World Bank (1962) The Commonwealth (1961) ...

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The Cyprus Issue

On July 20, 1974, Turkey invaded Cyprus with massive military force. The pretext was a coup against President Makarios on July 15 instigated by the military junta of Greece. A second wave of invasion followed in August of the same year, in violation of ceasefire agreements arranged by the UN.   Turkey occupied 36,2% of the sovereign territory of the Republic of Cyprus and ...

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Infrastructure

Infrastructure The local infrastructure is ideally suited for businesspeople who need to get things done. Thanks to its modern road network, extensive port facilities and two new international airports, travel and transport in and beyond Cyprus is fast, efficient and economical. The coastal resorts of Larnaca and Paphos each operate international airports serving flights to and from both ...

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History

History According to Mythology, Cyprus is the birthplace of the Greek goddess of love and beauty, Aphrodite. The island is both an ancient land, one of the oldest recorded in the world with eleven thousand years of history, and a young independent republic since 1960. Its strategic position at the crossroads of three continents, as well as its considerable supplies of ...

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International Relations

International Relations The Republic of Cyprus is a member of many international organisations including the European Union, the United Nations, the Council of Europe, the World Trade Organization, the Commonwealth, the World Bank, and the International Monetary Fund. Cyprus is represented through diplomatic missions in over 40 countries. Moreover, Cyprus has particularly good relations with the ...

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Latest News

Cyprus - Russia Double Tax Treaty (DTT) - May 07, 2012
Russia urges citizens to refrain from buying property in occupied Cyprus
Russia urges citizens to refrain from buying property in occupied Cyprus - Apr 10, 2012
The Index of Economic Freedom 2012 - Heritage Foundation and Wall Street Journal - Mar 22, 2012

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