Other political or pressure groups: United Democratic Youth
Organization (EDON, Communist controlled); Union of Cyprus Farmers
(EKA, Communist controlled); Cyprus Farmers Union (PEK, pro-West);
Pan-Cyprian Labor Federation (PEO, Communist controlled);
Confederation of Cypriot Workers (SEK, pro-West); Federation of
Turkish Cypriot Labor Unions (Turk-Sen); Confederation of
Revolutionary Labor Unions (Dev-Is)
Member of: C, CCC, CE, EBRD, ECE, FAO, G-77, GATT, IAEA, IBRD, ICAO,
ICC, ICFTU, IDA, IFAD, IFC, IFRCS (associate), ILO, IMF, IMO,
INMARSAT, INTELSAT, INTERPOL, IOC, IOM, ISO, ITU, NAM, OAS (observer),
OSCE, PCA, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO,
WTO
Diplomatic representation in US: chief of mission: Ambassador Andreas J. JACOVIDES chancery: 2211 R Street NW, Washington, DC 20008 telephone: [1] (202) 462-5772 consulate(s) general: New York note: Representative of the Turkish area in the US is Namik KORMAN, office at 1667 K Street NW, Washington, DC, telephone [1] (202) 887-6198
US diplomatic representation: chief of mission: Ambassador Richard A. BOUCHER embassy: corner of Metochiou and Ploutarchou Streets, Engomi, Nicosia mailing address: P. O. Box 4536 APO AE 09836 telephone: [357] (2) 476100 FAX: [357] (2) 465944
Flag: white with a copper-colored silhouette of the island (the name
Cyprus is derived from the Greek word for copper) above two green
crossed olive branches in the center of the flag; the branches
symbolize the hope for peace and reconciliation between the Greek and
Turkish communities
note: the Turkish Cypriot flag has a horizontal red stripe at the top
and bottom between which is a red crescent and red star on a white
field
@Cyprus:Economy
Overview: The Greek Cypriot economy is small, diversified, and prosperous. Industry contributes 14% to GDP and employs 29% of the labor force, while the service sector contributes 53% to GDP and employs 57% of the labor force. An average 6.8% rise in real GDP between 1986 and 1990 was temporarily checked in 1991, because of the adverse effects of the Gulf war on tourism. After surging 8.5% in 1992, growth slowed to 2.0% in 1993 - its lowest level in two decades - because of the decline in tourist arrivals associated with the recession in Western Europe, Cyprus' main trading partner, and the loss in export competitiveness due to a sharp rise in unit labor costs. Real GDP is likely to have picked up in 1994, and inflation is estimated to have risen to between 5% and 6%. The Turkish Cypriot economy has less than one-third the per capita GDP of the south. Because it is recognized only by Turkey, it has had much difficulty arranging foreign financing, and foreign firms have hesitated to invest there. The economy remains heavily dependent on agriculture, which employs one-quarter of the work force. Moreover, because the Turkish lira is legal tender, the Turkish Cypriot economy has suffered the same high inflation as mainland Turkey. The small, vulnerable economy is estimated to have experienced a sharp drop in growth during 1994 because of the severe economic crisis affecting the mainland. To compensate for the economy's weakness, Turkey provides direct and indirect aid to nearly every sector; financial support has risen in value to about one-third of Turkish Cypriot GDP.
National product:
Greek area: GDP - purchasing power parity - $7.3 billion (1994 est.)
Turkish area: GDP - purchasing power parity - $510 million (1994 est.)
National product real growth rate:
Greek area: 5% (1994 est.)
Turkish area: -4% (1994 est.)
National product per capita:
Greek area: $12,500 (1994 est.)
Turkish area: $3,500 (1994 est.)