Cyprus is now fully fledged European state
Cyprus entry into the Eurozone on January 1, 2008 caps several years of planning and preparation for the currency changeover. The Euro become legal tender in Cyprus, replacing the Cyprus pound (CYP) at the fixed rate of € 1 = CYP 0,585274.
The € 1 and € 2 coins depict […]

read more from this topic.....

Limassol is the largest seaside resort situated on the south coast of the island of Cyprus. Acting as a magnificent backdrop to the city spreading for ten miles along the coast, are the Troodos mountains. The foothills of these mountains are blessed with a fertile ground making them an ideal place for vineyards. Since the […]

read more from this topic.....

The Cyprus property market is one of the fastest growing markets within Europe. Investors are attracted by the potential growth in terms of returns on investment of property in Cyprus compared to other countries in Europe and the UK. The climate (340 days of sunshine a year), along with easy access to the UK, Europe […]

read more from this topic.....

Based on the decision of the Council of Ministers, the target date for adopting the euro is 1st of January, 2008, provided that Cyprus, which will be evaluated by the institutional bodies of the European Union (EU) on the basis of the Convergence Report, will fulfill the convergence criteria (known as Maastricht criteria). This date […]

read more from this topic.....

The process
Cyprus is due to join the Euro on 1st January 2008. The process started as far back as May 2005 when Cyprus joined the Exchange Rate Mechanism (ERM II).
In July this year the final conversion rates was set and from September 2007 until June 2008 prices will be displayed in both Euros and Cyprus […]

read more from this topic.....

The Cyprus Tourist Organization (CTO) has recognized that today’s tourists are more demanding, independent, active and well informed on tourist destinations, and that their needs and expectations are diverse and constantly changing.
As a result the CTO have implemented a plan, which aims at introducing of Cyprus and will revolve around two central pillars – the […]

read more from this topic.....