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Political pressure groups and leaders: Pan-Cyprian Labor Federation or PEO (Communist controlled); Confederation of Cypriot Workers or SEK (pro-West); Federation of Turkish Cypriot Labor Unions or Turk-Sen; Confederation of Revolutionary Labor Unions or Dev-Is International organization participation: C, CCC, CE, EBRD, ECE, EU (applicant), FAO, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IFAD, IFC, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, NAM, OAS (observer), OSCE, PCA, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO Diplomatic representation in the US: chief of mission: Ambassador Andreas NIKOLAIDES 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 area in the US is Namik KORHAN, office at 1667 K Street NW, Washington, DC, telephone [1] (202) 887-6198 Diplomatic representation from the US: chief of mission : Ambassador Kenneth C. BRILL (26 June 1996) embassy: corner of Metochiou and Ploutarchou Streets, Engomi, Nicosia mailing address : P. O. Box 4536, Nicosia, Cyprus telephone: [357] (2) 476100 FAX: [357] (2) 465944 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 Cypriot 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 Economy - overview: The Greek Cypriot economy is small and prosperous, but highly susceptible to external shocks. Industry contributes 23% to GDP and employs 25% of the labor force, while the service sector contributes 72% to GDP and employs 62% of the labor force. Erratic growth rates in the 1990s reflect the economy's vulnerability to swings in tourist arrivals (caused by fluctuations in political and economic conditions in Western Europe and the Middle East) and the need for structural changes in the economy. One bright spot has been the low rate of inflation. In 1996 Cyprus fully satisfied all the Maastricht convergence criteria. The Turkish Cypriot economy has less than one-third the per capita GDP of the south. Because it is recognized only by Turkey, it has had much d
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