IIp21-24_Cyprus.qxd 12/1/09 15:46 Page 4
22 | International Investment
Cyprus is the third largest island in the economy. A new air of political willingness, char-
Mediterranean. The capital city is Nicosia acterised by intensive negotiations towards the
(Lefkofla) and the total population, according to ultimate goal of reunification, is indicative of the
the 2006 census, was 264,000. new spirit that pervades the island.
The island straddles the crossroads of Europe, The general economic indicators, as evidenced
the Middle East, Asia and Africa. The currency is by the graphics above, are decidedly positive. A
the Turkish lira, or YTL. similar picture emerges when Fixed Capital
A strong free market approach underpins the Investments are considered.
Economic Outlook
GNP Per Capita (USD) & Inflation Rate (%)
Fixed Capital Investments (Prices in YTL)
Fixed Capital Investments 2007
January 2009 Investment International
www.investmentinternational.com
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