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The economy of Cyprus is a high-income economy as classified by the World Bank, [3] and was included by the International Monetary Fund in its list of advanced economies in 2001. [1] [2] Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1.
Cyprus–Greece relations are the bilateral relations between Cyprus and Greece. Cyprus has an embassy in Athens and a consulate-general in Thessaloniki. Greece has an embassy in Nicosia. Both countries are full members of the United Nations, European Union, Council of Europe and the Organization for Security and Co-operation in Europe (OSCE).
The economy of Greece is the 54th largest in the world, with a nominal gross domestic product (GDP) of $250.276 billion per annum. [6] In terms of purchasing power parity, Greece is the world's 55th largest economy, at $430.125 billion per annum. [6] As of 2023, Greece is the sixteenth largest economy in the European Union and eleventh largest ...
Agriculture in Cyprus constituted the backbone of its economy when it achieved its independence in 1960. [1] It mostly consisted of small farms, and sometimes even subsistence farms. [1] During the 1960s, irrigation projects made possible vegetable and fruit exports; increasingly commercialized farming was able to meet the demands for meat ...
Cyprus has two official languages: Greek and Turkish, but only Greek is an official EU language. EU trade accounts for 34% of Cyprus’ exports and 59% of imports. [3] Enthusiasm within Cyprus for the EU has waxed and waned over the years, mainly in synchrony with the health of the economy.
The economy of Northern Cyprus is dominated by the services sector (69% of GDP in 2007), which includes the public sector, trade, tourism and education. Industry (light manufacturing) contributes 22% of GDP and agriculture 9%. [8] Northern Cyprus 's economy operates on a free-market basis, with a significant portion of administration costs ...
KEO plc, the Greek abbreviation for Cyprus Wine Company ( Greek: Κυπριακή Εταιρία Οίνων ), is a European beverage company based on the island of Cyprus. It was formed in 1927 and it represents one of the largest industrial employers on the island with more than 90 brands in its portfolio. Its shares are traded on the Cyprus ...
Claimed Exclusive Economic Zone of Greece. Greece forms the southernmost part of the Balkan peninsula in the Mediterranean Sea. It includes many small islands which vary between 1,200 and 6,000 in the Aegean Sea and the Ionian Sea. [2] The largest islands are Crete, Euboea, Lesbos, Rhodes and Chios . Greece's EEZ is bordered to the west by ...
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