, WEU
(observer affiliate), WFTU, WHO, WIPO, WMO, WToO, WTO

Diplomatic representation in the US:
chief of mission: Ambassador Euripides L. EVRIVIADES
chancery: 2211 R Street NW, Washington, DC 20008
telephone: [1] (202) 462-5772
FAX: [1] (202) 483-6710
consulate(s) general: New York
note: representative of the Turkish Cypriot community in the US is
Osman ERTUG; office at 1667 K Street NW, Washington, DC; telephone
[1] (202) 887-6198

Diplomatic representation from the US:
chief of mission: Ambassador Michael KLOSSON
embassy: corner of Metochiou and Ploutarchou Streets, Engomi, 2407
Nicosia
mailing address: P. O. Box 24536, 1385 Nikosia
telephone: [357] (22) 393939
FAX: [357] (22) 780944

Flag description:
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 Republic of Northern Cyprus" flag has a
horizontal red stripe at the top and bottom between which is a red
crescent and red star on a white field

Economy Cyprus

Economy - overview:
The Greek Cypriot economy is prosperous but highly susceptible to
external shocks. The service sector, mainly tourism and financial
services, dominates the economy; erratic growth rates over the past
decade reflect the economy's reliance on tourism, which often
fluctuates with political instability in the region and economic
conditions in Western Europe. Economic policy is focused on meeting
the criteria to join the European Exchange Rate Mechanism (ERM2)
within the next two years although sluggish tourism and poor fiscal
management have resulted in growing budget deficits since 2001. As
in the Turkish sector, water shortages are a perennial problem; a
few desalination plants are now on-line. After 10 years of drought,
the country received substantial rainfall from 2001-03, alleviating
immediate concerns. The Turkish Cypriot economy has roughly
one-third of the per capita GDP of the south, and economic growth
tends to be volatile, given north Cyprus's relative isolation,
bloated public sector, reliance on the Turkish lira, and small
market size. The Turkish Cypriot economy grew 2.6% in 2004, fueled
by growth in the construction and education secto