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Cyprus is the third largest island in the Mediterranean Sea with an area of
9251 sq. km. It is located about 200 km northwest of Israel, 380 km north of
Egypt, and 800 km east of the Greek mainland. The latitude of Cyprus is 34°,33'
to 35°,34' North and its longitude is 32°,16' to 34°, 37' East.
With its sunny climate, beautiful beaches and rich history Cyprus is a prime
holiday destination and has extensive tourist facilities to accommodate every
taste and budget. Virtually all major european airlines and Cyprus Airways have
daily flights to Larnaca or Paphos (the two Cypriot airports). Visitors can
also easily reach Cyprus by boat from Greece, Egypt, Israel and other neighbouring
countries.
The island has proved to be an ideal centre for the establishment of legal
entities by foreign ship-owners and other professionals for the conduct of maritime
activities and for the rendering of shipping services worldwide. In 1982 Cyprus
ranked thirty-second on the list of leading maritime nations. It now ranks fourth
with around 2.650 ships totalling over 5 million gross tonnage. The island's
maritime policy aims to develop an integrated shipping infrastructure through
the granting of appropriate incentives.
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