Cyprus
Official Country Name
Cyprus
Cyprus Overview
A former British colony, Cyprus became independent in 1960 following years of resistance to British rule. Tensions between the Greek Cypriot majority and Turkish Cypriot minority came to a head in December 1963, when violence broke out in the capital of Nicosia. Despite the deployment of UN peacekeepers in 1964, sporadic intercommunal violence continued forcing most Turkish Cypriots into enclaves throughout the island. In 1974, a Greek Government-sponsored attempt to seize control of Cyprus was met by military intervention from Turkey, which soon controlled more than a third of the island. In 1983, the Turkish-held area declared itself the "Turkish Republic of Northern Cyprus," but it is recognized only by Turkey. The latest two-year round of UN-brokered talks - between the leaders of the Greek Cypriot and Turkish Cypriot communities to reach an agreement to reunite the divided island - ended when the Greek Cypriots rejected the UN settlement plan in an April 2004 referendum. The entire island entered the EU on 1 May 2004, although the EU acquis - the body of common rights and obligations - applies only to the areas under direct Republic of Cyprus control, and is suspended in the areas administered by Turkish Cypriots. However, individual Turkish Cypriots able to document their eligibility for Republic of Cyprus citizenship legally enjoy the same rights accorded to other citizens of European Union states. Nicosia continues to oppose EU efforts to establish direct trade and economic links to north Cyprus as a way of encouraging the Turkish Cypriot community to continue to support reunification.
Cyprus Economy
The Republic of Cyprus has a market economy dominated by the service sector, which accounts for 76% of GDP. Tourism and financial services are the most important sectors; erratic growth rates over the past decade reflect the economy's reliance on tourism, which often fluctuates with political instability in the region and economic conditions in Western Europe. Nevertheless, the economy grew a healthy 3.7% per year in 2004 and 2005, well above the EU average. Cyprus joined the European Exchange Rate Mechanism (ERM2) in May 2005. The government has initiated an aggressive austerity program, which has cut the budget deficit to below 3% but continued fiscal discipline is necessary if Cyprus is to meet its goal of adopting the euro on 1 January 2008. As in the area administered by Turkish Cypriots, water shortages are a perennial problem; a few desalination plants are now on line. After 10 years of drought, the country received substantial rainfall from 2001-03 alleviating immediate concerns. The Turkish Cypriot economy has roughly one-third of the per capita GDP of the south, and economic growth tends to be volatile, given north Cyprus's relative isolation, bloated public sector, reliance on the Turkish lira, and small market size. The Turkish Cypriot economy grew 15.4% in 2004, fueled by growth in the construction and education sectors, as well as increased employment of Turkish Cypriots in the Republic of Cyprus. The Turkish Cypriots are heavily dependent on transfers from the Turkish Government. Under the 2003-06 economic protocol, Ankara planned to provide around $700 million to the "TRNC." Agriculture and services, together, employ more than half of the work force.
Cyprus Location
Cyprus is located in Middle East, island in the Mediterranean Sea, south of Turkey
Region
Cyprus is located in Asia
Cyprus Population
Cyprus has population of 784,301 (July 2006 est.)
Cyprus Climate
Cyprus has temperate; Mediterranean with hot, dry summers and cool winters
Cyprus Terrain
central plain with mountains to north and south; scattered but significant plains along southern coast
Cyprus Natural Resources
copper, pyrites, asbestos, gypsum, timber, salt, marble, clay earth pigment
Ethnic Groups in Cyprus
Cyprus has the following ethnic groups - Greek 77%, Turkish 18%, other 5% (2001)
Cyprus Religions
Greek Orthodox 78%, Muslim 18%, Maronite, Armenian Apostolic, and other 4%
Cyprus Languages
Greek, Turkish, English
Cyprus Capital
Cyprus capital is Nicosia
Cyprus Currency
Cyprus currency is Cypriot pound (CYP); Turkish Cypriot area: Turkish New lira (YTL)
Map of Cyprus
