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Geography
Cyprus is the third larger Mediterranean island,
with a total area of 9,251 sq. Km. Cyprus's
geographical position - a stepping-stone to
three continents
( Europe, Asia and Africa ) - is ideal as a
center for international business. |
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Climate
The island enjoys four seasons, with dry summers
and mild winters. Average temperatures range
from 13 C in winter to 36 C in the summer. |
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Population
The today estimated population of Cyprus is
approximately 700,000.
Greek Cypriots form by far the larger ethnic
group, accounting for about 80% of the
population. Turkish Cypriots comprise the second
larger group
( at 18% ), while others make up the rest. |
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Towns
The capital and the commercial center of the
Cyprus is Nicosia with a population of
approximately 210,000. Limassol is the main
industry center and the main port of the island.
The other two main towns are Larnaca and Paphos. |
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Economy
The economy of Cyprus is based on free
enterprise, with most economic activity taking
place in the private sector . The service sector
which dominates the Cypriot economy, accounts
for about half of the employment and almost 2/3
of its GDP. |
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Government
Cyprus is a Presidential Democracy. Presidential
elections as well as the House of
Representatives are held every five years, the
same with the parliament.
Both of the elections are held by popular vote. |
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Currency and Banking
Cyprus has its own currency - the Cyprus Pound
made up of one hundred cents. One Cyprus Pound
is approximately equivalent to two US dollars.
In addition to the six large local banks there
is a number of International Offshore Banking
Units operating in Cyprus. |
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International Relations
Cyprus is a member of the United Nations and the
Council of Europe as well as member of the
British Commonwealth.
Nowadays Cyprus is a prosperous and beautiful
island, and has been a member of the European
Union since May 1st, 2004. |
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