Heb / Eng

Israel-Cyprus Chamber of Commerce and Industry


Bilateral chamber of commerce in Israel:

Chairman: Mr. Gad Yardeni
Address: 2, Hillel St., Jerusalem 94581
Tel.: +972-2-6252206
Fax: +972-2-6245103
E-mail: gadyar@netvision.net,  Israelcyprus@goldmail.net.il

Sister Bilateral chamber of commerce in the member state:

Cyprus-Israel Chamber of Commerce and Industry

Embassy in Israel:

Ambassador: H.E. Dimitris Hatziargyrou
Address: 50 Dizengoff St.,Top Tower, 14th floor, Tel Aviv, 64332
Tel: +972-3-5250212
Fax: +972-3-6290535
E-mail: cypemb4@netvision.net.il , cypemb3@netvision.net.il

Israeli Embassy in the member state:

Ambassador: H.E. Michael Harari
Address: 4 Ioanni Grypari Street , 1090 Nicosia, Cyprus
Tel.: +357-22-369500
Fax: +357-22-666338
E-mail: ambass-sec@nicosia.mfa.gov.il

EU membership year: 2004
Capital City: Nicosia
Total Area: 9,248 sq km
Population: 803,147
Currency: Euro

Cyprus is the largest island in the eastern Mediterranean and is situated south of Turkey. Since Turkey occupied the north of the island in 1974, the Turkish Cypriot and Greek Cypriot communities have been separated by the so-called Green Line. The island’s main economic activities are tourism, clothing and craft exports and merchant shipping. The Cypriot economy is prosperous and has diversified in recent years. According to the latest IMF estimates, its per capita GDP (adjusted for purchasing power) at $28,381 is just above the average of the European Union. Cyprus has been sought as a base for several offshore businesses for its highly developed infrastructure. The Cypriot government adopted the euro as the national currency on 1 January 2008. Oil has recently been discovered in the seabed between Cyprus and Egypt and talks are underway between Lebanon and Egypt to reach an agreement regarding the exploration of these resources. The seabed separating Lebanon and Cyprus is believed to hold significant quantities of crude oil and natural gas. However the government of Cyprus states that the Turkish Navy doesn't allow the exploration of oil in the region. The economy of the Turkish-occupied areas operates on a free-market basis although it continues to be handicapped by the lack of private and public investment, high freight costs and shortages of skilled labor.

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