Economy of Cyprus
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Economic affairs in Cyprus are dominated by the division of the country into the southern area controlled by the Cyprus Government and the northern Turkish Cypriot- administered area.The Greek Cypriot economy is a prosperous one. In 2008 it was classified by the IMF amongst the 32 advanced economies of the world.The IMF forecasts that Cyprus will be the only developed economy to enjoy continuous growth rates through the 2009 financial crisis. Erratic growth rates in the 1990s reflect the economy's vulnerability to swings in tourist arrivals, caused by political instability on the island and…mehr

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Produktbeschreibung
Economic affairs in Cyprus are dominated by the division of the country into the southern area controlled by the Cyprus Government and the northern Turkish Cypriot- administered area.The Greek Cypriot economy is a prosperous one. In 2008 it was classified by the IMF amongst the 32 advanced economies of the world.The IMF forecasts that Cyprus will be the only developed economy to enjoy continuous growth rates through the 2009 financial crisis. Erratic growth rates in the 1990s reflect the economy's vulnerability to swings in tourist arrivals, caused by political instability on the island and fluctuations in economic conditions in Western Europe. From 1 January 2008, the country entered the Eurozone and adopted the euro and monetary policy is dictated by the European Central Bank. The irrevocable fixed exchange rate