Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 30.12.2016
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
Subject descriptor 2014 2015 2016 2017 2018 Gross domestic product, constant prices -2.509 1.526 2.751 2.222 2.281 Gross domestic product, current prices 23.113 19.330 19.931 20.525 21.419 Gross domestic product per capita, current prices 26,938.625 22,822.033 23,424.933 24,017.721 24,960.855 Inflation, average consumer prices -0.268 -1.541 -1.000 0.500 1.500 Volume of imports of goods and services 2.021 4.019 -7.187 2.444 3.300 Volume of exports of goods and services -0.471 1.907 2.095 -1.361 2.402 Unemployment rate 16.225 14.942 13.036 11.631 10.254 Current account balance -1.052 -0.704 -0.184 -0.763 -0.895 Current account balance -4.551 -3.641 -0.925 -3.717 -4.181
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.
Air Services agreement
- Agreement from 10.6.1986 (Memorial 1988, A, p. 853 )
- Effective as of 09.09.1988 (Memorial 1988, A, p. 1220)
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: Christian Biever
23A, Vassilissis Sofias Avenue & 2 Street Neofytou Vamva
GR - 10674 ATHENS
Tel: +30 210 72 56 400
Fax: +30 210 72 56 405
Economic and Commercial Attachés (AWEX)
Commercial Secretary: Genevieve WLAZEL
Sekeri Odos, 3
Tel: +30 210 36 10 120
Fax: +30 210 36 10 117
Honorary Consul with jurisdiction over the Republic of Cyprus: Mr.Christos TRIANTAFYLLIDES
Evagoras Avenue 27 - Irini Buliding
1066 Nicosia, Cyprus
Tel: + 357 22 45 62 22
Fax: + 357 22 66 32 22
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.
Other useful links:
- CIA World factbook on Cyprus
- Chypre sur le site de l'Awex
- Cyprus Chamber of Commerce
- Doing Business in Cyprus
- Das ist Zypern
La Chambre de Commerce et le pays