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Cyprus is the third largest Mediterranean island and one of the most popular tourist destinations, attracting over 2.4 million tourists per year. A former British colony, it became an independent republic in 1960 and a member of the Commonwealth in 1961. The Republic of Cyprus is one of the advanced economies in the region, and has been a member of the European Union since 1 May 2004. It adopted the euro on 1 January 2008.
In 1974, following years of intercommunal violence between ethnic Greeks and Turks and an attempted coup d’état by Greek Cypriot nationalists aimed at annexing the island to Greece and engineered by the military junta then in power in Athens, Turkey invaded and occupied one third of the island. This led to the displacement of thousands of Cypriots and the establishment of a separate Turkish Cypriot political entity in the north. This event and its resulting political situation are matters of ongoing dispute.
The Republic of Cyprus, the internationally recognised state, has de jure sovereignty over the entire island of Cyprus and its surrounding waters except the 3% which appendix O of the Treaty of Establishment of the Republic allocates to the United Kingdom as sovereign military bases. The island is de facto partitioned into four main parts:
the area under the effective control of the Republic of Cyprus, in the south of the island;the Turkish-controlled area in the north, calling itself the Turkish Republic of Northern Cyprus ;the United Nations-controlled Green Line, separating the two; andtwo British Sovereign Base Areas.
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