Country Reports

Cyprus Country Report

Content provided by
IHS Markit Logo

Risk Level

Very High


Executive Summary

Political instability and civil unrest risks have diminished considerably since Cyprus exited the troika-mandated economic adjustment programme in 2016. The risk of terrorism is low, as Cyprus is not a prime target for jihadist militants. Financial fraud, including money laundering and offshore investment scams, is prevalent. Peace talks with the TRNC are under way, but are unlikely to result in a unification referendum in the one-year outlook.

Last update: March 27, 2018

Operational Outlook

The operational environment in the Republic of Cyprus is generally business-friendly, given a well-developed transport and communications infrastructure and easy access for non-Cypriots to open foreign- and local-currency deposit accounts. However, the country's water utilities require serious investment in the face of arid weather conditions. Corruption remains endemic, as does general financial crime. Labour unrest risks on the Greek-Cypriot side remain high against the backdrop of privatisation plans for various state-owned entities. Despite considerable efforts to attract foreign investment to the Turkish side, an overhaul of bureaucratic obstacles and the regularisation of relations with the southern side remain unaddressed.

Last update: March 27, 2018



There are no active terrorist groups in Cyprus, although the former TRNC leader claimed that certain militant groups, such as the PKK, had used the island for training operations. Although Cyprus's low international profile reduces the risk of terrorism on the island, its strategic location elevates the likelihood of it becoming a logistics and transit hub for militants. Separately, the UK's retention of an airbase and signals intelligence collection stations on the RoC increases the risk of them being targeted by terrorist attacks, particularly as the airbase is being used to mount air operations in the region.

Last update: March 27, 2018

War Risks


UN peacekeepers stationed along the "green line" minimise the risk of cross-border incidents between the two sides. This risk is further mitigated by the ongoing reunification negotiations. The last border incident took place during a protest inside the buffer zone in 2011, when a Greek-Cypriot citizen was shot dead because he hauled down a Turkish-Cypriot flag from a sentry post on the border. Disputes concerning gas exploration efforts have prompted aggressive naval manoeuvres by the Turkish navy in Cyprus' EEZ in 2017. These are likely to continue throughout 2018 as further drilling gets under way.

Last update: March 27, 2018

Social Stability


Civil unrest risks are low on both sides of the divided island. The positive economic outlook on the Greek Cypriot side projected for 2018 is likely to further dampen social impetus for protests and riots. Potential privatisations are the most likely trigger for protests and strikes in the one-year outlook, particularly affecting ports. The risk of violent confrontations between protesters and police, causing injuries and property damage, is likely to be minimal.

Last update: March 27, 2018

Health Risk


Vaccinations required to enter the country

No vaccinations are required to enter the country.

Routine Vaccinations

Hepatitis A: A vaccine is available for anyone over one year of age. The vaccine may not be effective for certain people, e.g. those born before 1945 and who lived as a child in a developing country and/or have a past history of jaundice (icterus). These people can instead get a shot of immune globulin (IG) to boost their immunity against the disease.

Hepatitis B: A vaccine is available for children at least two months old.

Diphtheria-Tetanus-Polio: A booster shot should be administered if necessary (once every ten years).

Other Vaccinations

For Children: All standard childhood immunizations should be up-to-date. In the case of a long stay, the BCG vaccine is recommended for children over one month and the MMR (measles-mumps-rubella) vaccine for children over nine months.

Last update: November 21, 2013

Practical Information


Cyprus enjoys a Mediterranean climate. Spring and fall are short but particularly pleasant. Summers are hot and dry. Winter is mild except in mountainous regions where it sometimes snows. Rain is common between November and February. Ocean temperatures are pleasant between April and November.

Useful Numbers

Country Code: +357
Emergency Services: 112 or 119


Voltage: 240 V ~ 50 Hz


Last update: November 21, 2013