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 Government-sponsored attempt to overthrow the elected president of Cyprus was met by military intervention from Turkey, which soon controlled more than a third of the island. In 1983, the Turkish Cypriot administered area declared itself the "Turkish Republic of Northern Cyprus" ("TRNC"), but it is recognized only by Turkey. A UN-mediated agreement, the Annan Plan, failed to win approval by both communities in 2004. In February 2014, after a hiatus of nearly two years, the leaders of the two communities resumed formal discussions under UN auspices aimed at reuniting the divided island. Talks were suspended in October 2014, but resumed in earnest in May 2015 following the election of a new Turkish Cypriot "president." 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 the internationally recognized government, and is suspended in the area administered by Turkish Cypriots. However, individual Turkish Cypriots able to document their eligibility for Republic of Cyprus citizenship legally enjoy the same rights accorded to other citizens of EU states.

Source: The CIA World Factbook - Cyprus



Vos conseillers auprès de la Chambre de Commerce

Regina Khvastunova

Contactez-nous: europe@cc.lu


Indicateurs clés

Surface
9.251 km2
Population
1,281,506 (July 2021 est.)
Type de gouvernement
presidential republic
Langues
Greek (official) 80.9%, Turkish (official) 0.2%, English 4.1%, Romanian 2.9%, Russian 2.5%, Bulgarian 2.2%, Arabic 1.2%, Filipino 1.1%, other 4.3%, unspecified 0.6%; note - data represent only the Republic of Cyprus (2011 est.)
PIB
$23.804 billion (2020 est.)
Taux de croissance
-5.1% (2020 est.)
HDI
33
Capitale
Nicosia (Lefkosia/Lefkosa)

Indicateurs macroéconomiques

IMF Statistics:

Subject descriptor 2021 2022 2023 2024 2025

Gross domestic product, constant prices

Percent change

(Units)

9.910

5.059

2.460

2.689

2.876

Gross domestic product, current prices

Percent change

(Billions)

29.502

29.274

32.185

34.221

35.935

Gross domestic product per capita, current prices

Percent change

(Units)

32,926.615

32,357.237

34,956.733

37,148.586

38,664.883

Inflation, average consumer prices

Percent change

(Units)

2.243

8.084

3.943

2.312

2.037

Volume of imports of goods and services

Percent change

(Units)

15.364

18.282

5.100

-2.898

1.955

Volume of exports of goods and services

Percent change

(Units)

21.639

13.618

-1.494

0.705

1.804

Unemployment rate

Percent change

(Units)

7.475

6.775

6.135

5.856

5.669

Current account balance

Percent change

(Billions)

-1.791

-2.321

-2.989

-2.927

-3.072

Current account balance

Percent change

(Units)

-6.072

-7.930

-9.287

-8.553

-8.548

Estimates

 

Source: IMF Statistics - Cyprus


Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement 

 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

None

Air Services agreement

  • Agreement from 10.6.1986 (Memorial 1988, A, p. 853 )
  • Effective as of 09.09.1988 (Memorial 1988, A, p. 1220)

Source: Ministry of Foreign Affairs of Luxembourg


Informations supplémentaires

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Cyprus

Embassy of the Grand Duchy of Luxembourg in Cyprus

Ambassador with residence in Athens: Mr Paul STEINMETZ

23A, avenue Vassilissis Sofias & 2, rue Neofytou Vamva
GR - 10674 
Athens
Greece 

Tel.: +30 210 72 56 400
Fax: +30 210 72 56 405
E-Mail: athenes.amb@mae.etat.lu

 

Honorary Consul

Honorary Consul with jurisdiction over the Republic of Cyprus:

Mr Christos TRIANTAFYLLIDES

Avenue Evagoras
27 - Irini Buliding
Bureaux 31-33
Nicosia 1066
Cyprus

Tel.: (+357) 22 45 62 22
E-Mail: triant1@cytanet.com 

Source: Ministry of Foreign Affairs of Luxembourg

Country risk as defined by Office du Ducroire for Cyprus

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for Cyprus

Other useful links: