The market economy in the south has had a rapid growth in small industries and services. Foreign companies are using Cyprus as a base for their operations which has resulted in that one is accustomed to dealing with international companies.
The official languages are Greek and Turkish, but the language skills in English is very good and it is easy to create international contacts. Investments in projects have been small but it brings positive benefits to foreign companies since there is less competition and opportunities to open new doors.
It's easy to get in contact with the banks. Cyprus Central bank has been established since 1963. It is responsible for designing and implementing currency and credit policy. It also monitor the banks, administrates Republic currency reserves, issue banknotes and coins, and is the banking and financial manager for the state.
Today, Cyprus is a major tourist destination and a center for services with a focus primarily in banking and shipping, but there are great opportunities within telecommunications as well.
International relations Cyprus is a member of a number of international organizations, including:
- United Nations (UN) and its agencies (1960)
- British Commonwealth of Nations (1961)
- Organization for Security and Cooperation in Europe (OSCE/OSCE) (1975)
- Non-Aligned Movement (NAM) (1960)
- World Trade Organization (WTO) (1995)
Cecilia Helland