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The economy of Cyprus is a high-income economy as classified by the World Bank, [3] and was included by the International Monetary Fund in its list of advanced economies in 2001. [1] [2] Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1.
Ministry of Finance, Minister: Makis Keravnos. Ministry of Foreign Affairs, Minister: Constantinos Kombos. Ministry of Health, Minister: Popi Kanari. Ministry of Interior, Minister: Constantinos Ioannou. Ministry of Justice and Public Order, Minister: Anna Prokopiou. Ministry of Labour and Social Insurance, Minister: Yiannis Panayiotou [1] [2]
The Economic Adjustment Programme for Cyprus, usually referred to as the Bailout programme, is a memorandum of understanding on financial assistance to the Republic of Cyprus in order to cope with the 2012–13 Cypriot financial crisis . It was signed in March 2013 by the Cypriot Government on one hand, and on the other hand by the European ...
May 2, 2024 at 3:55 AM. NICOSIA, Cyprus (AP) — The Cyprus government has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island ...
Politics of Cyprus. The Council of Ministers is the executive branch of the Cypriot government, consisting of ministers. The council is chaired by the President of Cyprus and the ministers head executive departments of the government. The President and his ministers administer the government and the various public services .
Contents. President of Cyprus. The President of Cyprus, officially the President of the Republic of Cyprus, [a] is the head of state and the head of government of Cyprus, as well as the commander-in-chief of the Cypriot National Guard. The office was established by the Constitution of 1960, after Cyprus gained its independence from the United ...
v. t. e. Parliamentary elections were held in Cyprus on 30 May 2021 to elect 56 of the 80 Members of the House of Representatives. [1] Results by locality.
Members and three observers representing Armenian, Latin, and Maronite Cypriots are elected by proportional representation every five years. 30% of seats are allocated to Turkish Cypriots, but these have been vacant since 1964. The House of Representatives of Cyprus is the only legislature in Europe within a fully presidential system .