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Tourism in Cyprus occupies a dominant position in the country's economy, [1] [2] and has significantly impacted its culture and multicultural development throughout the years. [ 3 ] [ 4 ] In 2006, the tourism industry made up 10.7% of the country's GDP and the total employment in the tourism industry was estimated at 113,000 jobs. [ 5 ]
Cyprus continues to grow as a year-round tourist destination, having consolidated its reputation as an island nation with amazing weather, delightful coastal resorts and fascinating historic sites.
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Cyprus [f] (/ ˈ s aɪ p r ə s / ⓘ), officially the Republic of Cyprus, [g] is an island country in the eastern Mediterranean Sea. Although it is geographically located in West Asia, its cultural identity and geopolitical make-up are overwhelmingly Southeast European. It is the third largest and third most populous island in the Mediterranean.
Whether or not Cyprus is able to satisfy its obligations under the bailout -- which, in turn, would release the flow of international funds -- is not merely a test of the tiny island.
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