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A report by the World Travel and Tourism Council revealed that the total investment in Cyprus' tourism industry throughout 2015 was € 273.7 million, representing 14% of overall investment in the island. It projected a 5.3% rise in 2016 and a subsequent 2.9% rise each year over the next decade to €384.6 million in 2026.
Cyprus is a major tourist destination in the Mediterranean. [ 1 ] [ 2 ] [ 3 ] With an advanced , [ 4 ] high-income economy and a very high Human Development Index , [ 5 ] [ 6 ] the Republic of Cyprus has been a member of the Commonwealth since 1961 and was a founding member of the Non-Aligned Movement until it joined the European Union on 1 May ...
The Cyprus Portal. The flag of Cyprus. Cyprus (/ ˈsaɪprəs / ⓘ), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. It is geographically a part of West Asia, but its cultural ties and geopolitics are overwhelmingly Southeast European. Cyprus is also a part of the Middle East and the Levant.
Visa requirements for Cypriot citizens are administrative entry restrictions by the authorities of other states placed on citizens of Cyprus. As of January 2024, Cypriot citizens had visa-free or visa on arrival access to 182 countries and territories, ranking the Cypriot passport 12th in terms of travel freedom according to the Henley Passport ...
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.
Tourism is one of the dominant sectors of the Northern Cyprus' economy. Beach near Mehmetcik, İskele District. Tourism has affected the development of Northern Cyprus. Its share of the GDP of Northern Cyprus is significant. In the early 1970s Varosha, Famagusta was the most popular destination in Cyprus, (and popular in the world) before its ...
Cyprus is the third-largest island in the Mediterranean and one of the most popular tourist destinations in the Mediterranean, attracting over 2.4 million tourists per year. [1] A former British colony , it gained independence from the United Kingdom in 1960 and became a republic in the Commonwealth of Nations in 1961 .