Cyprus is an island country located in the Eastern Mediterranean. Its capital and largest city is Nicosia. Cyprus has a population of around 1.2 million people and its official languages are Greek and Turkish. The island is divided into two territories: the Republic of Cyprus, which is recognized as the official government, and the Turkish Republic of Northern Cyprus, which is only recognized by Turkey.
The economy of Cyprus is developed and diversified, with services, especially tourism, accounting for the largest share of GDP. The country is also known for its significant shipping industry and has developed into an international business center. Agriculture and industry also play a role in the economy, with crops such as citrus fruits, vegetables, and grapes being important agricultural products.
The country joined the European Union in 2004 and adopted the Euro as its official currency in 2008. Cyprus has a highly educated workforce and a high standard of living. However, the country has faced some economic challenges in recent years, including high levels of public debt and unemployment, as well as the ongoing division of the island.
Cyprus is also known for its rich history and cultural heritage, including ancient Greek and Roman ruins, Byzantine churches and medieval castles. The island is also a popular tourist destination, known for its beaches, clear waters and warm climate.
|Total Area ||3,572 mi²|
|Ease of Doing Business Rank ||54|
|Cost of Living Index |