Cyprus is an island in the Mediterranean Sea, south of Turkey. Temperate; Mediterranean with hot, dry summers and cool winters. Central plain with mountains to north and south; scattered but significant plains along southern coast. The official languages are Greek and Turkish. Most people speak Greek. Cypriot Greek is slightly different from mainland Greek, but is understood by Greek-speakers. English is widely spoken and understood. French and German are also spoken in tourist centres. Most people speak Turkish in the TRNC, though many understand Greek. The main religions are Christianity, Islam. The economy of Cyprus is dominated by the division of the country into the southern area controlled by the Cyprus Government and the northern Turkish Cypriot-administered area. The Greek Cypriot economy is a prosperous one. Cyprus has an open, free-market, service-based economy with some light manufacturing. The Cypriots are among the most prosperous people in the Mediterranean region. Internationally, Cyprus promotes its geographical location as a "bridge" between West and East, along with its educated English-speaking population, moderate local costs, good airline connections, and telecommunications. The population in Cyprus is 0.839 Mil (2014 est.), while the inflation rate is -1.19% (2014 est.).
Cost Of Living
The cost of living for expatriates in Cyprus as at 1 July 2014 is high in comparison to other places in the world. In Cyprus, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Average 2) Clothing: High 3) Communication: Average 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: High 7) Healthcare: Low 8) Household Accommodation: Low 9) Miscellaneous: High 10) Personal Care: Average 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Cyprus is for example 16.5% more expensive than Uruguay for groceries, 1.9% more expensive for household costs than South Africa, and 26.7% more expensive for transport costs than Greece. Cyprus is ranked as a minimal hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Cyprus for an expat from Switzerland, is for example 0%, i.e. host location (Cyprus) premium of 10% minus home (Switzerland) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Cyprus? Register subscribe to your home location and Cyprus and run your personalised reports.