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Cyprus

Cyprus · CYP · Europe

Risk Score

Guarded→ Stable

Risk Factors

No recent events in pipeline

Overview

Cyprus is an island nation in the Eastern Mediterranean, a member of the European Union, and a regional financial and tourism hub. The country remains divided into Greek Cypriot and Turkish Cypriot areas, with ongoing efforts for reunification. Its economy is largely service-based.

Leadership

Nikos Christodoulides

President

GOVERNMENT: Presidential republic

Economy

GDP

$36.5B

GDP per Capita

$39.0K

GDP Growth

+3.0%

Inflation

2.2%

Unemployment

5.8%

Services (tourism, financial services)Real estateShipping

Trade

Key Exports

Refined petroleumPharmaceuticalsPotatoesCitrus fruitCement

Key Imports

Crude petroleumVehiclesMachineryPharmaceuticalsFoodstuffs

Top Partners

GreeceUnited KingdomIsraelGermanyItaly

Headlines (8)

EUROPE SAYSAug 9

Cyprus plans to supply gas from the Cronos field to Europe starting in 2028

FortuneAug 9

Eastern Mediterranean Sea is fast becoming an alternative energy source for Europe, Cyprus says

EuronewsAug 9

Cypriot natural gas flowing to Europe in 2028, says Cyprus Energy Minister

CP24 TorontoAug 9

Cyprus natural gas to supply Europe by first half of 2028

Pagenews.grAug 9

Fidan Provokes Again Cyprus:He Calls Turkish Military Presence the Guarantee από Peace and Pushes Two States

The Times of IsraelAug 9

Cyprus minister hails moves to connect island, Israel to European electricity grid

The Associated PressAug 9

Cyprus to supply European consumers with natural gas by March 2028

tribuneAug 9