Market Research In Cyprus

Cyprus Profile:

  • Cyprus, officially the Republic of Cyprus, is an island country in the Eastern Mediterranean and the third largest and third most populous island in the Mediterranean.
  • Cyprus has been a member of the EU since May 2004 and adopted the euro as its national currency in January 2008.
  • Cyprus is a major tourist destination in the Mediterranean. With an advanced, high-income economy and a very high Human Development Index.
  • The Republic of Cyprus has been a member of the Commonwealth since 1961 and was a founding member of the Non-Aligned Movement until it joined the European Union on 1 May 2004. On 1 January 2008, the Republic of Cyprus joined the Eurozone.
  • In July 2012, Cyprus became the fifth euro-zone government to request an economic bailout program from the European Commission, European Central Bank and the International Monetary Fund – known collectively as the “Troika.”

Cyprus Economy:

  • According to the 2017 International Monetary Fund estimates, its per capita GDP at $36,442 is below the average of the European Union.
  • The area of the Republic of Cyprus under government control has a market economy dominated by a services sector that accounts for more than four-fifths of GDP.
  • Tourism, finance, shipping and real estate have traditionally been the most important services.
  • During the first five years of EU membership, the Cyprus economy grew at an average rate of about 4%, with unemployment between 2004 and 2008 averaging about 4%.
  • The economy tipped into recession in 2009 as the ongoing global financial crisis and resulting low demand hit the tourism and construction sectors.

Cyprus Facts:

  • Population: 1.2 million
  • Capital: Nicosia
  • Largest city: Nicosia
  • Area: 9,251 sq km
  • Major language: 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%
  • Major religion: Orthodox Christian 89.1%, Roman Catholic 2.9%, Protestant/Anglican 2%, Muslim 1.8%, Buddhist 1%, other 1.4%
  • Life expectancy:  76 years (Male),  81.8 years (Female)
  • Monetary unit: 1 Euro (EUR) = 100 Cents
  • Main exports: Citrus, potatoes, pharmaceuticals, cement, clothing
  • GNI per Capita: $31,420

Our Market Research Services in Cyprus:

We Employ A Wide Range of Research Techniques in Cyprus:

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