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Cyprus, Economy

rapid recovery, expenditures, island, fighting, revenues

The economy of Cyprus is predominantly agricultural. Manufacturing and services are also important. After the fighting of 1974 divided the island, the economy suffered, but the Greek sector showed a rapid recovery. In 1998 Greek sector budget figures showed $2.8 billion in revenues and $3.3 billion in expenditures. In 1994 the Turkish sector had revenues of $157 million and expenditures of $211 million.

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rapid recovery, expenditures, island, fighting, revenues, Manufacturing, services

 
 

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