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CyprusWelcome to Travel Guide 2 Cyprus, the site about travel, tourism and vacations in Cyprus. Cyprus (Greek: Κυπρος - Kýpros; Turkish: Kibris) - full name, the Republic of Cyprus (Greek: Κυπριακη Δημοκρατια - Kypriakí Dimokratía; Turkish: Kibris Cumhuriyeti) - is an island nation located in the eastern Mediterranean, to the South of Turkey. Cyprus is home to both Greek and Turkish Cypriot communities.
As of 2006, Cyprus had an estimated population of 855,000, of whom approximately 309,500 live in the vicinity of the capital, Nicosia (Greek: Λευκωσια - Lefkosia; Turkish: Lefkosa). Other important cities in Cyprus (some of which are in the northern Turkish controlled part of the island) include:
Cyprus has a modern, developed and prosperous economy mainly based around services, but with some light manufacturing, as well as significant tourism sector. Additionally, it should be noted that Cyprus is an important center for offshore business: companies which are located in Cyprus but only conduct business overseas are entitled to various tax and dutry concessions. Cyprus is a member of the European Union, and plans to adopt the euro currency in 2008. The economy in the northern Turkish occupied part of the country is however less advanced, with agriculture and government service being the main employers, the Turkish lira being the currency, and foreign investment highly restricted - necessitating significant financial subsidies from Turkey.
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