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Taxes in Cyprus are levied by both the central and local governments. Tax revenue stood at 39.2% of GDP in 2012. [1] The most important revenue sources are the income tax , social security , value-added tax and corporate tax , and are all collected by the central government.
Health care in Cyprus accounted for 7% of its GDP in 2014. Between 2010 and 2014, health care spending increased from $1,705 per capita to $2,062 per capita. [2] [3] Cyprus has a multi-payer health care system that consists of a public and private sector. [2]
The Cyprus Securities and Exchange Commission, ( Greek: Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law. A significant number of overseas retail forex ...
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The Cyprus Portal. Cyprus ( / ˈsaɪprəs / ⓘ ), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea, north of the Sinai Peninsula, south of the Anatolian Peninsula, and west of the Levant. It is geographically a part of West Asia, but its cultural ties and geopolitics are overwhelmingly Southeast European.
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Cyprus [f] ( / ˈsaɪprəs / ⓘ ), officially the Republic of Cyprus, [g] is an island country in the eastern Mediterranean Sea, north of the Sinai Peninsula, south of the Anatolian Peninsula, and west of the Levant. It is geographically a part of West Asia, but its cultural ties and geopolitics are overwhelmingly Southeast European.
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.
The USSR established diplomatic relations with the newly independent Republic of Cyprus on 18 August 1960. Cooperation between both countries has increased since the 1990s and the fall of the USSR. Cyprus has an embassy in Moscow and consulates-general in Krasnodar, Saint Petersburg, Samara and in Yekaterinburg.