General Information on Cyprus
Cyprus is an island lying at the southeastern corner of the Mediterranean. It is the third largest island in the Mediterranean. The geographical position of the island played a significant role in rendering it into an international business centre.
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Information | |
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Population |
840.000 |
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Climatic Conditions |
Land Summertimes Soft Winters |
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Rainy Days |
10 per year |
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Official Languages |
Greek Turkish English widely propagated |
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Type of Government |
Democracy - Presidential Democracy |
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Political System |
Western Democratic Multi-party System |
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Executive power |
Elected Chairman sitting in a Council of Ministers |
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Legislative Power |
Parliament of Representatives with 56 Deputies |
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International Attendances |
United Nations European Union Council of Europe European Court of Human Rights (ECHR) Community International Monetary Fund Central Bank |
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Currency |
Cyprus Pound (Λ.Κ) (EURO on the 1/1/2008) |
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Economy |
Open market which is based on the sector of services |
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Crude Domestic Product for each Capital |
American Dollar 22,026 |
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Rate of Inflation (2005) |
2.2% |
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Unemployment Rate (2005) |
5.3% |
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Exchange |
C.P per EURO= 0,577 C.P per American Dollar= 0,445 (January 2007) |
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Legal system |
Based on Civil Rights |
