Information

Information

Despite its small size, Cyprus has an economy that can compare to those of many larger European Union nations. The most important sector of the Cypriote economy is the services sector, contributing 70% to the country's GDP. The strength of this sector and its economy in general can be attributed partially to Cyprus's sizeable tourism industry; its average 320 days a year of sunshine and warmth and its beautiful coastlines attract tourists almost all year round. Other than tourism, Cyprus is most known for the services of shipping, ship management, transit trade, marketing, banking, real estate, and for being a telecommunications center. Manufacturing makes up 11% of the country's GDP; Cyprus is most famous for its production of clothing, processed food, metal goods, beverages, and tobacco. Known as "the garden of the Mediterranean," agriculture makes up 4% of the country's GDP; it's most important crops are potatoes, vegetables, herbs, citrus fruits, grapes, olives, and cereals. The official currency is the Cypriot pound (1 Cypriot pound = approximately 2.16 US dollars).

About Lebanon

The resourcefulness of the Lebanese people as well as the country's favorable climate and geographic location have helped the Lebanese economy develop into one of the region's more important ones. Since the end of the civil war, Lebanon has prospered; it has become a major tourist destination and a main financial, trading, and commercial center in the region. The country has witnessed rapid economic growth, with its GDP increasing from USD 17.6 Billion in 2003 to USD 18.5 Billion in 2004. The most important sectors, in terms of contribution to the Lebanese GDP, are the services sector (45%), the trade sector (22%), the industrial sector (13.5%), and the construction sector (10%). The latest statistics available on Lebanese external trade show very active trade relations between Lebanon and the European Union.

Around 40% of Lebanese imports are from the EU. Tourism has always been a cornerstone of the Lebanese economy. With its new parliament and government and in light of its support from and excellent relations with the US, the EU, and most countries of the world, Lebanon is expected to emerge as a major business hub in the region.







		Information About Cyprus Despite its small size, Cyprus has an economy that can compare to those of many larger European Union nations. The most important sector of the Cypriote economy is the services sector, contributing 70% to the country's GDP. The strength of this sector and its economy in general can be attributed partially to Cyprus's sizeable tourism industry; its average 320 days a year of sunshine and warmth and its beautiful coastlines attract tourists almost all year round. Other than tourism, Cyprus is most known for the services of shipping, ship management, transit trade, marketing, banking, real estate, and for being a telecommunications center. Manufacturing makes up 11% of the country's GDP; Cyprus is most famous for its production of clothing, processed food, metal goods, beverages, and tobacco. Known as "the garden of the Mediterranean," agriculture makes up 4% of the country's GDP; it's most important crops are potatoes, vegetables, herbs, citrus fruits, grapes, olives, and cereals. The official currency is the Cypriot pound (1 Cypriot pound = approximately 2.16 US dollars). About Lebanon The resourcefulness of the Lebanese people as well as the country's favorable climate and geographic location have helped the Lebanese economy develop into one of the region's more important ones. Since the end of the civil war, Lebanon has prospered; it has become a major tourist destination and a main financial, trading, and commercial center in the region. The country has witnessed rapid economic growth, with its GDP increasing from USD 17.6 Billion in 2003 to USD 18.5 Billion in 2004. The most important sectors, in terms of contribution to the Lebanese GDP, are the services sector (45%), the trade sector (22%), the industrial sector (13.5%), and the construction sector (10%). The latest statistics available on Lebanese external trade show very active trade relations between Lebanon and the European Union. Around 40% of Lebanese imports are from the EU. Tourism has always been a cornerstone of the Lebanese economy. With its new parliament and government and in light of its support from and excellent relations with the US, the EU, and most countries of the world, Lebanon is expected to emerge as a major business hub in the region.