2022-2023 Cyprus Country Report
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CYPRUSCOUNTRY REPORT <strong>2022</strong><br />
PERSONAL FINANCIAL SERVICES<br />
<strong>Cyprus</strong> has a well-developed banking system modelled on the British banking<br />
system. The Central Bank of <strong>Cyprus</strong> has the responsibility for monetary and credit<br />
policy. There are currently a number of domestic banks operating in <strong>Cyprus</strong>, including<br />
commercial banks and specialised financial institutions. Standard branch opening<br />
hours are usually from 8:30am-1:30pm Mondays to Fridays and from 3:15pm to 4:45pm<br />
on Monday afternoons only. International banks are open from 8:30am to 5:30pm.<br />
HOME HELP<br />
Many expatriates find they can afford domestic help that they could not have<br />
afforded at home and often choose to employ a helper for cleaning, cooking,<br />
general household chores and child minding.<br />
UTILITIES<br />
E<br />
lectricity = 240V 50Hz, 5 amp or 13 amp square three-pin British-style plugs.<br />
Electricity is provided by the Electricity Authority of <strong>Cyprus</strong> (EAC) and water is<br />
provided by the water board of the nearest main town. Many properties have solar<br />
water heating systems. <strong>Cyprus</strong> has no piped gas, but bottled gas is widely available in<br />
supermarkets. <strong>Cyprus</strong> makes use of the BS 1363, British 3-pin, 13A, 240V, 50Hz earthed<br />
and fused plug. The BS 1363 plug, also known as a ‘13-amp plug’, is a large plug that has<br />
3 rectangular prongs forming a triangle<br />
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