The 1992 CIA World Factbook. United States. Central Intelligence Agency

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       TORE; United Sovereignty Party, Arif Salih KIRDAG

       Suffrage:

       universal at age 18

       Elections:

       President:

       last held 14 February and 21 February 1988 (next to be held February 1993);

       results - George VASSILIOU 52%, Glafkos KLERIDES 48%

       House of Representatives:

       last held 19 May 1991; results - DESY 35.8%, AKEL (Communist) 30.6, DEKO

       19.5%, EDEK 10. 9%; others 3.2% seats - (56 total) DESY 20, AKEL (Communist)

       18, DEKO 11, EDEK 7

       Turkish Area: President:

       last held 22 April 1990 (next to be held April 1995); results - Rauf R.

       DENKTASH 66%, Ismail BOZKURT 32.05%

       Turkish Area: Assembly of the Republic:

       last held 6 May 1990 (next to be held May 1995); results - UBP

       (conservative) 54.4%, DMP 44.4% YKP .9%; seats - (50 total) UBP

       (conservative) 45, SDP 1, HDP 2, YDP 2; note - by-election of 13 October

       1991 was for 12 seats

       Communists:

       about 12,000

       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, CSCE, EBRD, ECE, FAO, G-77, GATT, IAEA, IBRD, ICAO, ICC, ICFTU,

       IDA, IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC, IOM, ISO, ITU, NAM,

       OAS (observer), UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO,

       WTO; note - the Turkish-Cypriot administered area of Cyprus has observer

       status in the OIC

       Diplomatic representation:

       Ambassador Michael E. SHERIFIS; Chancery at 2211 R Street NW, Washington, DC

       20008; telephone (202) 462-5772

       US:

       Ambassador Robert E. LAMB; Embassy at the corner of Therissos Street and

       Dositheos Street, Nicosia (mailing address is APO AE 09836); telephone [357]

       (2) 465151; FAX [357] (2) 459-571

       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

       with a red crescent and red star on a white field

      :Cyprus Economy

      Overview:

       The Greek Cypriot economy is small, diversified, and prosperous. Industry

       contributes 24% to GDP and employs 35% of the labor force, while the service

       sector contributes 44% to GDP and employs 45% of the labor force. Rapid

       growth in exports of agricultural and manufactured products and in tourism

       have played important roles in the average 6.4% rise in GDP between 1985 and

       1990. In mid-1991, the World Bank "graduated" Cyprus off its list of

       developing countries. In contrast to the bright picture in the south, the

       Turkish Cypriot economy has less than half the per capita GDP and suffered a

       series of reverses in 1991. Crippled by the effects of the Gulf war, the

       collapse of the fruit-to-electronics conglomerate, Polly Peck, Ltd., and a

       drought, the Turkish area in late 1991 asked for a multibillion-dollar grant

       from Turkey to help ease the burden of the economic crisis. Turkey normally

       underwrites a substantial portion of the TRNC economy.

       GDP:

       purchasing power equivalent - Greek area: $5.5 billion, per capita $9,600;

       real growth rate 6.0%; Turkish area: $600 million, per capita $4,000; real

       growth rate 5.9% (1990)

       Inflation rate (consumer prices):

       Greek area: 4.5%; Turkish area: 69.4% (1990)

       Unemployment rate:

       Greek area: 1.8%; Turkish area: 1.2% (1990)

       Budget:

       revenues $1.2 billion; expenditures $2.0 billion, including capital

       expenditures of $250 million (1991)

       Exports:

       $847 million (f.o.b., 1990)

       commodities:

       citrus, potatoes, grapes, wine, cement, clothing and shoes

       partners:

       UK 23%, Greece 10%, Lebanon 10%, Germany 5%

       Imports:

       $2.3 billion (f.o.b., 1990)

       commodities:

       consumer goods, petroleum and lubricants, food and feed grains, machinery

       partners:

       UK 13%, Japan 12%, Italy 10%, Germany 9.1%

       External debt:

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