Monday, May 17, 2010

Cyprus, Nicosia Cost of Living April 2010

Country Full Name: Republic of Cyprus.

Location: Cyprus is an island in the Mediterranean Sea, south of Turkey.

Country Climate: Temperate; Mediterranean with hot, dry summers and cool winters.

Country Terrain: Central plain with mountains to north and south; scattered but significant plains along southern coast.

Major Languages: Greek, Turkish.

Major Religions: Christianity, Islam.

Country Population: 0.761 million (2008 est.) 0.768 million (2009 est.).

Country Economy: 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.

Currency: Euro (EUR).

Country Inflation: 4.4% (2008 est.) 0.4% (2009 est.).

City: Nicosia, known locally as Lefkosia is the capital and largest city of Cyprus.

City Economy: Nicosia is important commercially with many shops, two modern shopping malls, restaurants and entertainment. The city is a trade centre and manufactures textiles, leather, pottery, plastic, and other products. Copper mines are nearby. Nicosia is the seat of the University of Cyprus (UCY) and four other universities.
Cost of Living: Nicosia has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Nicosia is currently ranked 152 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Cyprus, Nicosia