Cyprus is a presidential republic. The president is both head of state and government. Despite joining the EU as a de facto divided island, the whole of Cyprus is EU territory. Turkish Cypriots who have, or are eligible for, EU travel documents are EU citizens. EU law is suspended in areas where the Cypriot government (Government of the Republic) does not exercise effective control. Location on the EU map
The most important sectors of Cyprus’s economy in 2016 were wholesale and retail trade, transport, accommodation and food services (26.0 %), public administration, defence, education, human health and social work activities (20.3 %) and financial and insurance activities (10.8 %).Intra-EU trade accounts for 45% of Cyprus’ exports (Greece 12% and United Kingdom 8%), while outside the EU 8% go to Libya and 6% to Israel.
In terms of imports, 74% come from EU Member States (Greece 21%, Germany 17% and Italy 7%), while outside the EU 8% come from China and 4% from South Korea.
In the Council of the EU, national ministers meet regularly to adopt EU laws and coordinate policies. Council meetings are regularly attended by representatives from the Cypriot government, depending on the policy area being addressed.
The Council of the EU doesn't have a permanent, single-person president (like e.g. the Commission or Parliament). Instead, its work is led by the country holding the Council presidency, which rotates every 6 months.
During these 6 months, ministers from that country's government chair and help determine the agenda of Council meetings in each policy area, and facilitate dialogue with the other EU institutions.
Dates of Cypriot presidencies:
The following link is a redirection to an external websiteCurrent presidency of the Council of the EU
The Commission is represented in each EU country by a local office, called a "representation".
Cyprus has 5 representatives on the European Economic and Social Committee. This advisory body – representing employers, workers and other interest groups – is consulted on proposed laws, to get a better idea of the possible changes to work and social situations in member countries.
Cyprus has 5 representatives on the European Committee of the Regions, the EU's assembly of regional and local representatives. This advisory body is consulted on proposed laws, to ensure these laws take account of the perspective from each region of the EU.
Cyprus also communicates with the EU institutions through its permanent representation in Brussels. As Cyprus' "embassy to the EU", its main task is to ensure that the country's interests and policies are pursued as effectively as possible in the EU.
Member countries' financial contributions to the EU budget are shared fairly, according to means. The larger your country's economy, the more it pays – and vice versa. The EU budget doesn't aim to redistribute wealth, but rather to focus on the needs of all Europeans as a whole.
Breakdown of Cyprus's finances with the EU in 2016:
More figures on the EU budget, revenue and spending:
The money paid into the EU budget by Cyprus helps fund programmes and projects in all EU countries - like building roads, subsidising researchers and protecting the environment.
Find out more about how Cyprus benefits from EU funding.