 .CY - Cyprus
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Background: |
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-sponsored attempt to
seize the government 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. At present, every Cypriot carrying a
Cyprus passport has the status of a European citizen; however, EU laws do
not apply to north Cyprus. 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. |
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Location: |
Middle East, island in the
Mediterranean Sea, south of Turkey |
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Geographic coordinates: |
35 00 N, 33 00 E |
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Map references: |
Middle East |
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Area: |
total: 9,250 sq km (of
which 3,355 sq km are in north Cyprus) land: 9,240 sq km
water: 10 sq km |
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Area - comparative: |
about 0.6 times the size of
Connecticut |
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Land boundaries: |
total: NA; note -
boundary with Dhekelia is being resurveyed border countries:
Akrotiri 47.4 km, Dhekelia NA |
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Coastline: |
648 km |
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Maritime claims: |
territorial sea: 12 nm
continental shelf: 200-m depth or to the depth of exploitation
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Climate: |
temperate; Mediterranean with
hot, dry summers and cool winters |
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Terrain: |
central plain with mountains to
north and south; scattered but significant plains along southern coast
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Elevation extremes: |
lowest point:
Mediterranean Sea 0 m highest point: Mount Olympus 1,951 m
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Natural resources: |
copper, pyrites, asbestos,
gypsum, timber, salt, marble, clay earth pigment |
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Land use: |
arable land: 10.81%
permanent crops: 4.32% other: 84.87% (2005) |
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Irrigated land: |
382 sq km (2001 est.) |
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Natural hazards: |
moderate earthquake activity;
droughts |
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Environment - current issues: |
water resource problems (no
natural reservoir catchments, seasonal disparity in rainfall, sea water
intrusion to island's largest aquifer, increased salination in the north);
water pollution from sewage and industrial wastes; coastal degradation;
loss of wildlife habitats from urbanization |
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Environment - international agreements: |
party to: Air Pollution,
Air Pollution-Persistent Organic Pollutants, Biodiversity, Climate Change,
Climate Change-Kyoto Protocol, Desertification, Endangered Species,
Environmental Modification, Hazardous Wastes, Law of the Sea, Marine
Dumping, Ozone Layer Protection, Ship Pollution signed, but not
ratified: none of the selected agreements |
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Geography - note: |
the third largest island in the
Mediterranean Sea (after Sicily and Sardinia) |
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Population: |
784,301 (July 2006 est.) |
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Age structure: |
0-14 years: 20.4% (male
81,776/female 78,272) 15-64 years: 68% (male 270,254/female
263,354) 65 years and over: 11.6% (male 39,536/female 51,109)
(2006 est.) |
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Median age: |
total: 34.9 years
male: 33.9 years female: 35.9 years (2006 est.)
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Population growth rate: |
0.53% (2006 est.) |
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Birth rate: |
12.56 births/1,000 population
(2006 est.) |
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Death rate: |
7.68 deaths/1,000 population
(2006 est.) |
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Net migration rate: |
0.42 migrant(s)/1,000
population (2006 est.) |
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Sex ratio: |
at birth: 1.05
male(s)/female under 15 years: 1.04 male(s)/female 15-64
years: 1.03 male(s)/female 65 years and over: 0.77
male(s)/female total population: 1 male(s)/female (2006 est.)
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Infant mortality rate: |
total: 7.04 deaths/1,000
live births male: 8.74 deaths/1,000 live births
female: 5.25 deaths/1,000 live births (2006 est.) |
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Life expectancy at birth: |
total population: 77.82
years male: 75.44 years female: 80.31 years (2006
est.) |
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Total fertility rate: |
1.82 children born/woman (2006
est.) |
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HIV/AIDS - adult prevalence rate: |
0.1% (2003 est.) |
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HIV/AIDS - people living with HIV/AIDS: |
less than 1,000 (1999 est.)
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HIV/AIDS - deaths: |
NA |
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Nationality: |
noun: Cypriot(s)
adjective: Cypriot |
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Ethnic groups: |
Greek 77%, Turkish 18%, other
5% (2001) |
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Religions: |
Greek Orthodox 78%, Muslim 18%,
Maronite, Armenian Apostolic, and other 4% |
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Languages: |
Greek, Turkish, English |
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Literacy: |
definition: age 15 and
over can read and write total population: 97.6%
male: 98.9% female: 96.3% (2003 est.)
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Country name: |
conventional long form:
Republic of Cyprus conventional short form: Cyprus
note: the Turkish Cypriot community (north Cyprus) refers to
itself as the "Turkish Republic of Northern Cyprus" (TRNC) |
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Government type: |
republic note: a
separation of the two ethnic communities inhabiting the island began
following the outbreak of communal strife in 1963; this separation was
further solidified after the Turkish intervention in July 1974 that
followed a Greek junta-supported coup attempt gave the Turkish Cypriots de
facto control in the north; Greek Cypriots control the only
internationally recognized government; on 15 November 1983 Turkish Cypriot
"President" Rauf DENKTASH declared independence and the formation of a
"Turkish Republic of Northern Cyprus" (TRNC), which is recognized only by
Turkey |
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Capital: |
Nicosia |
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Administrative divisions: |
6 districts; Famagusta,
Kyrenia, Larnaca, Limassol, Nicosia, Paphos; note - Turkish Cypriot area's
administrative divisions include Kyrenia, all but a small part of
Famagusta, and small parts of Lefkosia (Nicosia) and Larnaca |
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Independence: |
16 August 1960 (from UK); note
- Turkish Cypriots proclaimed self-rule on 13 February 1975 and
independence in 1983, but these proclamations are only recognized by
Turkey |
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National holiday: |
Independence Day, 1 October
(1960); note - Turkish Cypriots celebrate 15 November (1983) as
Independence Day |
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Constitution: |
16 August 1960; from December
1963, the Turkish Cypriots no longer participated in the government;
negotiations to create the basis for a new or revised constitution to
govern the island and for better relations between Greek and Turkish
Cypriots have been held intermittently since the mid-1960s; in 1975,
following the 1974 Turkish intervention, Turkish Cypriots created their
own constitution and governing bodies within the "Turkish Federated State
of Cyprus," which became the "Turkish Republic of Northern Cyprus" when
the Turkish Cypriots declared their independence in 1983; a new
constitution for the "TRNC" passed by referendum on 5 May 1985 |
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Legal system: |
based on common law, with civil
law modifications; accepts compulsory ICJ jurisdiction, with reservations
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Suffrage: |
18 years of age; universal
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Executive branch: |
chief of state:
President Tassos PAPADOPOULOS (since 1 March 2003); note - the president
is both the chief of state and head of government; post of vice president
is currently vacant; under the 1960 constitution, the post is reserved for
a Turkish Cypriot head of government: President Tassos
PAPADOPOULOS (since 1 March 2003); note - the president is both the chief
of state and head of government; post of vice president is currently
vacant; under the 1960 constitution, the post is reserved for a Turkish
Cypriot cabinet: Council of Ministers appointed jointly by the
president and vice president elections: president elected by
popular vote for a five-year term; election last held 16 February 2003
(next to be held February 2008) election results: Tassos
PAPADOPOULOS elected president; percent of vote - Tassos PAPADOPOULOS
51.5%, Glafkos KLIRIDIS 38.8%, Alekos MARKIDIS 6.6% note:
Mehmet Ali TALAT became "president" of north Cyprus, 24 April 2005, after
"presidential" elections on 17 April 2005; results - Mehmet Ali TALAT
55.6%, Dervis EROGLU 22.7%; Ferdi Sabit SOYER is "prime minister"; there
is a Council of Ministers (cabinet) in north Cyprus, appointed by the
"prime minister" |
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Legislative branch: |
unicameral - Republic of
Cyprus: House of Representatives or Vouli Antiprosopon (80 seats; 56
assigned to the Greek Cypriots, 24 to Turkish Cypriots; note - only those
assigned to Greek Cypriots are filled; members are elected by popular vote
to serve five-year terms); north Cyprus: Assembly of the Republic or
Cumhuriyet Meclisi (50 seats; members are elected by popular vote to serve
five-year terms) elections: Republic of Cyprus: last held 27
May 2001 (next to be held 21 May 2006); north Cyprus: last held 14
December 2003 (next to be held in 2008) election results:
Republic of Cyprus: House of Representatives - percent of vote by party -
AKEL 34.71%, DISY 34%, DIKO 14.84%, KISOS 6.51%, others 9.94%; seats by
party - AKEL (Communist) 20, DISY 19, DIKO 9, KISOS 4, other 4; north
Cyprus: Assembly of the Republic - percent of vote by party - CTP 35.8%,
UBP 32.3%, Peace and Democratic Movement 13.4%, DP 12.3%; seats by party -
CTP 19, UBP 18, Peace and Democratic Movement 6, DP 7 |
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Judicial branch: |
Supreme Court (judges are
appointed jointly by the president and vice president) note:
there is also a Supreme Court in north Cyprus |
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Political parties and leaders: |
Republic of Cyprus: Democratic
Party or DIKO [Tassos PAPADOPOULOS]; Democratic Rally or DISY [Nikos
ANASTASIADHIS]; Fighting Democratic Movement or ADIK [Dinos MIKHAILIDIS];
Green Party of Cyprus [George PERDIKIS]; Movement for Social Democracy
United Democratic Union of Center or KISOS [Yannakis OMIROU]; New Horizons
[Nikolaus KOUTSOU]; Restorative Party of the Working People or AKEL
(Communist Party) [Dimitrios CHRISTOFIAS]; United Democrats Movement or
EDE [George VASSILIOU]; north Cyprus: Democratic Party or DP [Serder
DENKTASH]; National Birth Party or UDP [Enver EMIN]; National Unity Party
or UBP [Dervis EROGLU]; Our Party or BP [Okyay SADIKOGLU]; Patriotic Unity
Movement or YBH [Alpay DURDURAN]; Peace and Democratic Movement [Mustafa
AKINCI]; Republican Turkish Party or CTP [Mehmet ALI TALAT] |
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Political pressure groups and leaders: |
Confederation of Cypriot
Workers or SEK (pro-West); Confederation of Revolutionary Labor Unions or
Dev-Is; Federation of Turkish Cypriot Labor Unions or Turk-Sen;
Pan-Cyprian Labor Federation or PEO (Communist controlled) |
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International organization participation: |
Australia Group, C, CE, EBRD,
EIB, EU (new member), FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, IDA, IFAD,
IFC, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, MIGA, NAM,
NSG, OAS (observer), OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO,
UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO |
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Diplomatic representation in the US: |
chief of mission:
Ambassador Euripides L. EVRIVIADES chancery: 2211 R Street NW,
Washington, DC 20008 telephone: [1] (202) 462-5772
FAX: [1] (202) 483-6710 consulate(s) general: New
York note: representative of the Turkish Cypriot community in
the US is Osman ERTUG; office at 1667 K Street NW, Washington, DC;
telephone [1] (202) 887-6198 |
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Diplomatic representation from the US: |
chief of mission:
Ambassador Ronald L. SCHLICHER embassy: corner of Metochiou and
Ploutarchou Streets, Engomi, 2407 Nicosia mailing address: P.
O. Box 24536, 1385 Nikosia telephone: [357] (22) 393939
FAX: [357] (22) 780944 |
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Flag description: |
white with a copper-colored
silhouette of the island (the name Cyprus is derived from the Greek word
for copper) above two green crossed olive branches in the center of the
flag; the branches symbolize the hope for peace and reconciliation between
the Greek and Turkish communities note: the "Turkish Republic
of Northern Cyprus" flag has a horizontal red stripe at the top and bottom
between which is a red crescent and red star on a white field
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Economy - overview: |
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 plans to provide around $550 million to the "TRNC."
Agriculture and services, together, employ more than half of the work
force. |
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GDP (purchasing power parity): |
Republic of Cyprus: $16.85
billion; north Cyprus: $4.54 billion (2005 est.) |
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GDP (official exchange rate): |
Republic of Cyprus: $15.43
billion (2005 est.) |
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GDP - real growth rate: |
Republic of Cyprus: 3.7%; north
Cyprus: 10.6% (2005 est.) |
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GDP - per capita (PPP): |
Republic of Cyprus: $21,600
(2005 est.); north Cyprus: $7,135 (2004 est.) |
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GDP - composition by sector: |
Republic of Cyprus:
agriculture 3.8%; industry 20%; services 76.2% (2005 est.) north
Cyprus: agriculture 10.6%; industry 20.5%; services 68.9% (2003 est.)
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Labor force: |
Republic of Cyprus: 370,000,
north Cyprus: 95,025 (2004 est.) |
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Labor force - by occupation: |
Republic of Cyprus:
agriculture 7.4%, industry 38.2%, services 54.4% (2004 est.) north
Cyprus: agriculture 14.5%, industry 29%, services 56.5% (2004 est.)
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Unemployment rate: |
Republic of Cyprus: 3.8% (2005
est.); north Cyprus: 5.6% (2004 est.) |
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Population below poverty line: |
NA% |
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Household income or consumption by percentage
share: |
lowest 10%: NA%
highest 10%: NA% |
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Inflation rate (consumer prices): |
Republic of Cyprus: 2.5% (2005
est.); north Cyprus: 9.1% (2004 est.) |
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Investment (gross fixed): |
Republic of Cyprus: 18.9% of
GDP (2005 est.) |
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Budget: |
revenues: Republic of
Cyprus - $6.698 billion (2005 est.) expenditures: Republic of
Cyprus - $7.122 billion (2005 est.) revenues: north Cyprus -
$231.3 million (2003 est.) expenditures: north Cyprus - $432.8
million (2003 est.) |
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Public debt: |
Republic of Cyprus: 72% of GDP
(2005 est.) |
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Agriculture - products: |
citrus, vegetables, barley,
grapes, olives, vegetables; poultry, pork, lamb; dairy, cheese |
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Industries: |
tourism, food and beverage
processing, cement and gypsum production, ship repair and refurbishment,
textiles, light chemicals, metal products, wood, paper, stone, and clay
products |
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Industrial production growth rate: |
Republic of Cyprus: 3.7% (2005
est.); north Cyprus: -0.3% (2002 est.) |
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Electricity - production: |
Republic of Cyprus: 3.801
billion kWh; north Cyprus: NA kWh (2003) |
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Electricity - production by source: |
fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001)
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Electricity - consumption: |
Republic of Cyprus: 3.535
billion kWh (2004); north Cyprus: NA kWh (2003) |
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Electricity - exports: |
0 kWh (2003) |
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Electricity - imports: |
0 kWh (2003) |
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Oil - production: |
Republic of Cyprus: 300 bbl/day
(2005 est.) |
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Oil - consumption: |
Republic of Cyprus: 52,000
bbl/day (2003 est.) |
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Oil - exports: |
NA bbl/day |
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Oil - imports: |
NA bbl/day |
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Natural gas - production: |
0 cu m (2003 est.) |
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Natural gas - consumption: |
0 cu m (2003 est.) |
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Current account balance: |
Republic of Cyprus: $-849
million (2005 est.) |
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Exports: |
Republic of Cyprus: $1.237
billion f.o.b.; north Cyprus: $69 million f.o.b. (2005 est.) |
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Exports - commodities: |
Republic of Cyprus: citrus,
potatoes, pharmaceuticals, cement, clothing and cigarettes; north Cyprus:
citrus, potatoes, textiles |
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Exports - partners: |
UK 27.2%, Greece 11.9%, Germany
5%, UAE 4.8% (2004) |
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Imports: |
Republic of Cyprus: $5.552
billion f.o.b.;; north Cyprus: $415.2 million f.o.b. (2004 est.) |
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Imports - commodities: |
Republic of Cyprus: consumer
goods, petroleum and lubricants, intermediate goods, machinery, transport
equipment; north Cyprus: vehicles, fuel, cigarettes, food, minerals,
chemicals, machinery |
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Imports - partners: |
Greece 15.2%, Italy 10.5%,
Germany 8.9%, UK 8.6%, France 6.3%, Japan 4.7%, Israel 4.4%, China 4%
(2004) |
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Reserves of foreign exchange and gold: |
Republic of Cyprus: $3.989
billion; north Cyprus $NA (2005 est.) |
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Debt - external: |
Republic of Cyprus: $7.803
billion; north Cyprus: $NA (2005 est.) |
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Economic aid - recipient: |
Republic of Cyprus - $NA; north
Cyprus - $700 million from Turkey in grants and loans, which are usually
forgiven (2003-06) |
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Currency (code): |
Republic of Cyprus: Cypriot
pound (CYP); Turkish Cypriot area: Turkish New lira (YTL) |
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Currency code: |
CYP; TRL |
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Exchange rates: |
Cypriot pounds per US dollar -
0.4641 (2005), 0.4686 (2004), 0.5174 (2003), 0.6107 (2002), 0.6431 (2001),
Turkish lira per US dollar - 1.36 (2005), 1.426 million (2004), 1.501
million (2003), 1.507 million (2002), 1.226 million (2001) |
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Fiscal year: |
calendar year |
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Telephones - main lines in use: |
Republic of Cyprus: 418,400
(2004); north Cyprus: 86,228 (2002) |
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Telephones - mobile cellular: |
Republic of Cyprus: 640,500
(2004); north Cyprus: 143,178 (2002) |
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Telephone system: |
general assessment:
excellent in both Republic of Cyprus and north Cyprus areas
domestic: open-wire, fiber-optic cable, and microwave radio
relay international: country code - 357 (area administered by
Turkish Cypriots uses the country code of Turkey - 90); tropospheric
scatter; 3 coaxial and 5 fiber-optic submarine cables; satellite earth
stations - 3 Intelsat (1 Atlantic Ocean and 2 Indian Ocean), 2 Eutelsat, 2
Intersputnik, and 1 Arabsat |
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Radio broadcast stations: |
Republic of Cyprus: AM
5, FM 76, shortwave 0 north Cyprus: AM 1, FM 20, shortwave 1
(2004) |
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Radios: |
Greek Cypriot area: 310,000
(1997); Turkish Cypriot area: 56,450 (1994) |
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Television broadcast stations: |
Republic of Cyprus: 8
north Cyprus: 2 (plus 4 relay) (2004) |
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Televisions: |
Greek Cypriot area: 248,000
(1997); Turkish Cypriot area: 52,300 (1994) |
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Internet country code: |
.cy |
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Internet hosts: |
46,863 (2005) |
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Internet Service Providers (ISPs): |
6 (2000) |
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Internet users: |
298,000 (2005) |
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Airports: |
16 (2005) |
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Airports - with paved runways: |
total: 13 2,438
to 3,047 m: 7 1,524 to 2,437 m: 2 914 to 1,523
m: 3 under 914 m: 1 (2005) |
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Airports - with unpaved runways: |
total: 3 1,524 to
2,437 m: 1 under 914 m: 2 (2005) |
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Heliports: |
10 (2005) |
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Roadways: |
total: 14,110 km
(Republic of Cyprus: 11,760 km; north Cyprus: 2,350 km) paved:
Republic of Cyprus: 7,403 km (including 268 km of expressways); north
Cyprus: 1,370 km unpaved: Republic of Cyprus: 4,357 km; north
Cyprus: 980 km (2003/1996 est.) |
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Merchant marine: |
total: 877 ships (1000
GRT or over) 18,837,402 GRT/30,197,663 DWT by type: bulk
carrier 358, cargo 212, chemical tanker 40, container 136, liquefied gas
5, passenger 8, passenger/cargo 19, petroleum tanker 66, refrigerated
cargo 19, roll on/roll off 9, vehicle carrier 5 foreign-owned:
782 (Belgium 1, Canada 1, China 10, Croatia 2, Cuba 3, Egypt 1, Estonia 3,
Germany 211, Greece 352, Greenland 1, Hong Kong 1, India 7, Iran 2, Israel
3, Japan 17, South Korea 1, Latvia 5, Netherlands 18, Norway 14,
Philippines 2, Poland 19, Portugal 1, Russia 54, Singapore 2, Slovakia 1,
Slovenia 4, Spain 5, Sweden 4, Switzerland 6, Syria 2, Ukraine 3, UAE 11,
UK 8, US 6, Vietnam 1) registered in other countries: 67 (The
Bahamas 13, Belize 2, Cambodia 15, Georgia 1, Liberia 6, Malta 5, Marshall
Islands 7, Norway 2, Panama 8, Russia 1, Saint Vincent and the Grenadines
3, Seychelles 1, Turkey 3) (2005) |
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Ports and terminals: |
Famagusta, Kyrenia, Larnaca,
Limassol, Vasilikos |
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Military branches: |
Republic of Cyprus: Greek
Cypriot National Guard (GCNG; includes air and naval elements); north
Cyprus: Turkish Cypriot Security Force (GKK) |
|
Military service age and obligation: |
18 years of age (2004) |
|
Manpower available for military service: |
males age 18-49: 184,352
(2005 est.) |
|
Manpower fit for military service: |
males age 18-49: 150,750
(2005 est.) |
|
Manpower reaching military service age annually: |
males: 6,578 (2005 est.)
|
|
Military expenditures - dollar figure: |
$384 million (FY02) |
|
Military expenditures - percent of GDP: |
3.8% (FY02) |
| Transnational Issues |
Cyprus |
|
Disputes - international: |
hostilities in 1974 divided the
island into two de facto autonomous entities, the internationally
recognized Cypriot Government and a Turkish-Cypriot community (north
Cyprus); the 1,000-strong UN Peacekeeping Force in Cyprus (UNFICYP) has
served in Cyprus since 1964 and maintains the buffer zone between north
and south; March 2003 reunification talks failed, but Turkish-Cypriots
later opened their borders to temporary visits by Greek Cypriots; on 24
April 2004, the Greek Cypriot and Turkish Cypriot communities voted in
simultaneous and parallel referenda on whether to approve the UN-brokered
Annan Plan that would have ended the 30-year division of the island by
establishing a new "United Cyprus Republic," a majority of Greek Cypriots
voted "no"; on 1 May 2004, Cyprus entered the European Union still
divided, with the EU's body of legislation and standards (acquis
communitaire) suspended in the north |
|
Refugees and internally displaced persons: |
IDPs: 265,000 (both
Turkish and Greek Cypriots; many displaced for over 30 years) (2005)
|
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Illicit drugs: |
minor transit point for heroin
and hashish via air routes and container traffic to Europe, especially
from Lebanon and Turkey; some cocaine transits as well; despite a
strengthening of anti-money-laundering legislation, remains vulnerable to
money laundering; reporting of suspicious transactions in offshore sector
remains weak |
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