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    Key facts and figures about the country, geography, people, government and economy plus 2017 public holidays.

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    Country

    Official Name:  Republic of Cyprus
    Capital: Nicosia (Lefkosia)
    European Union:  Member since 1st May 2004
    National Holiday:  1st October – Independence Day
    Time:  +2 hours GMT (three hours ahead in Summer)
    Measures:  Metric system
     

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    Geography

    Location:  Cyprus is located in the extreme northeast corner of the Mediterranean, at the crossroads of Europe, Asia and Africa. The island lies 71 km south of Turkey, 105 km west of Syria, and some 800 km east of Greece.
    Structure:  The third largest island in the Mediterranean Sea (after Sicily and Sardinia), Cyprus measures 240 km latitudinally and 100 km longitudinally. The island has a central plain with mountains to the north and south and scattered plains along the southern coast. Cyprus has 648 km of coastline.
    Area:   9,251 sq km (3,355 sq km are in the occupied area).
    Climate:  Mediterranean climate, with long, warm, dry summers from May to October and mild winters with occasional rain, lasting from December to February.
    Average summer temperature: 34°C
    Average winter temparature: 13°C
    All year round mean temperature: 23°C

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    People

    Population:  848,300 (Republic of Cyprus, December 2015)

    Population by District:
    Capital: Nicosia (Lefkosia)  
    330,000 
    Limassol (Lemesos)
    237,000
    Larnaca (Larnaka)                
    144,200 
    Paphos (Pafos)                       
    90,200

    Famagusta (Ammochostos)

    46,900

    Nationality:  Cypriot
    Descendants:  Greek Cypriots trace their origins to the descendants of the Achaean Greeks and later the Mycenaean Greeks. Turkish Cypriots are descendants of the Ottoman settlers.
    Religions:  Greek Orthodox 78%, Muslim 18%, other (includes Maronite and Armenian Apostolic) 4%
    Ethnic Composition: Greek Cypriot Community 71,8%, Turkish Cypriot Community 9,5%, Foreign Residents 18,7% (data refers to the whole island, end of 2011).
    Languages:  Greek (official), Turkish (official), English is also widely spoken
    Literacy:  97.6%
    Median Age:  34.8 years
    Life Expectancy:  80.9 years
    Population Growth:  0.2% 
    International membership: European Union, United Nations, Council of Europe, Commonwealth, World Bank and International Monetary Fund

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    Government

    Form of State: Presidential Republic
    Head of State: Nicos Anastasiades 
    Suffrage:  Universal, 18 years
    National Legislature: Based on adult suffrage. Government elected every five years
    Elections: Last held February 2013. Held every five years
    Legal System: The Cypriot legal system is based on English common law, with civil modifications
    Juridical Branch: The Supreme Court of the Republic, The Assize Courts and District Courts

     

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    Economic Overview

    Total GDP at Market Prices (euro): 17.9 billion (2016 estimate)

    GDP per Capita (euro): €21,152

    GDP Growth:

    2.8% (2016)

    2.5-3% (2017 estimate)

     

    GDP by Sector:

    Services 81.7%

    Industry 15.9%

    Agriculture 2.4%

     

    Inflation: -1.2% (2016)

    Economic Sectors: Tourism, financial services, real estate, shipping, industry

    Currency: euro

    Main Trading Partners: UK, Greece, Germany, Italy, Israel, France, China

    Trade: euro

    Fiscal Year: Calendar year

    Corporate Tax Rate: 12.5%

    Time to start up a business: 1-3 days

    Accounting Standard: IFRS

     

    Sovereign Ratings: (March 2017)

    BB+ Standard & Poor’s

    BB- Fitch

    B1 Moody’s

     

    Unemployment:

    14.3% (December 2016)

    12% (2017 estimate)

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    Public Holidays

    2017 Public Holidays

    1
    January
    New Year's Day
    6
    January
    Epiphany
    27
    February
    Green Monday / Shrove Monday
    25
    March
    Greek Independence Day
    1
    April
    Greek Cypriot National Day (EOKA)
    14 April Greek Orthodox Good Friday
    17 April Greek Orthodox Easter Monday
    1 May May Day
    5 June Pentecost (Kataklysmos)
    15
    August
    Assumption of the Virgin Mary
    1
    October
    Cyprus Independence Day
    28
    October
    Greek National Day (Ochi Day)
    25
    December
    Christmas
    26 December Boxing Day / 2nd Day of Christmas

     

    Updated May 2017

    Cooperation Partners
    • Logo for Ministry of Energy, Commerce, Industry and Tourism
    • Logo for Cyprus Chamber of Commerce and Industry
    • Logo for Invest Cyprus
    • Logo for Cyprus In Your Heart
    • Logo for CFA Cyprus
    • Logo for Cyprus International Businesses Association
    • Logo for Cyprus Shipping Chamber
    • Logo for Cyprus Investment Funds Association
    • Logo for Association of Cyprus Banks