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Cyprus
HOME >> COUNTRY REPORTS >> Cyprus
cyprus map
Official name Republic of Cyprus
Capital  Nicosia(Lefkosia)
Population  788,457
Currency  Cypriot pound(CYP) & Turkish New lira(YTL)
Official language   Greek
GDP

 area under government control:$22,700

area administrated by Turkish Cypriots: $7,135

  STRENGTHS
  WEAKNESSES

Cyprus property market among cheapest in the EU

Cyprus Government approves 14 new golf courses - Golf has been one of Cyprus' biggest attractions, with many of the big property developments having golf courses in Cyprus, or being built near them.

The Cyprus property market has seen plenty of success because of the sheer glamour of the island

The sunny isle has a property market that is appreciating annually

English is spoken by 90% of the people in both Northern and Southern Cyprus

The Cypriot government has now put legislation in place that pretty much solves the problems people have had securing the title deeds for the properties they purchase

Cyprus Property Sales Increase Continues but Slower

Tourist Arrivals Rise 0.7%

Kuwait and China have shown interest in investing in Cyprus tourism, real estate, container management and energy sectors

Disney Confirms Cyprus as site of Euro Disney 2 - Cyprus is to become the site of a second Disney world in Europe, the first of course being in Paris.

The rate of inflation by the end of the year will reach 2.5% in 2011 will reach 3%.

Unemployment is close to 7% in 2011 is estimated at around 6.5%

The budget deficit will be close to 6%, as last year.

The public debt will reach 62.70% and for 2011 is estimated at 64.90%

Even the ministry admits weaknesses in health sector

The number of unemployed persons increased

Cyprus is a divided island.

   

 

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