2022-2023 Cyprus Country Report
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CYPRUSCOUNTRY REPORT <strong>2022</strong><br />
STANDARD OF LIVING<br />
Other factors that contribute to the enviable lifestyle of <strong>Cyprus</strong> include a superb road<br />
system with signs in both Greek and English, a reliable and efficient postal service,<br />
a large choice of schools, clubs, restaurants, gyms, theatres, cinemas, museums and<br />
art galleries. The local infrastructure is ideally suited for businesspeople who need to<br />
get things done. Thanks to its modern road network, extensive port facilities and two<br />
international airports, travel and transport in and beyond <strong>Cyprus</strong> is fast, efficient and<br />
economical.<br />
COST OF LIVING: AVERAGE PRICES (SOURCE: NUMBEO)<br />
Milk (1ltr)<br />
€1.48<br />
Tomatoes (1 kg)<br />
€2.38<br />
Loaf of fresh white<br />
bread (500g)<br />
€1.66<br />
Bottle of midrange<br />
wine<br />
€7.00<br />
Domestic Beer<br />
(0.5l draught)<br />
€1.33<br />
Imported Beer<br />
(0.33l bottle)<br />
€2.03<br />
Three-course meal<br />
for two in midrange<br />
restaurant<br />
€50.00<br />
Cappuccino<br />
€3.13<br />
Water (1.5l bottle)<br />
€0.76<br />
LARGE EXPAT COMMUNITY<br />
notable British presence remains to this day and <strong>Cyprus</strong> has become home to a<br />
A large expat community. Today, <strong>Cyprus</strong> has the second highest percentage of<br />
foreign citizens in the European Union, with 13% of the total population from other EU<br />
member states, and around 7% from non-EU countries according to a survey of the<br />
EU’s statistical office. The biggest group of expats living in <strong>Cyprus</strong> consists of British<br />
nationals, but there are also large communities of Americans, Russians and other<br />
Eastern European nationals.<br />
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