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Cyta, the state-owned telecommunications company, manages most Telecommunications and Internet connections on the island. However, following the recent liberalisation of the sector, a few private telecommunications companies have emerged including MTN, Cablenet, TelePassport, OTEnet Telecom, Omega Telecom and PrimeTel. In the Turkish-controlled area of Cyprus, three companies are also present. These are Turkcell, Vodafone and Turk Telekom.

Cyprus has a highly developed system of primary and secondary education offering both public and private education. The high quality of instruction can be attributed to a large extent to the above-average competence of the teachers but also to the fact that nearly 7% of the GDP is spent on education which makes Cyprus one of the top three spenders of education in the EU along with Denmark and Sweden.

State schools are generally seen as equivalent in quality of education to private-sector institutions. However, the value of a state high-school diploma is limited by the fact that the grades obtained account for only around 25% of the final grade for each topic, with the remaining 75% assigned by the teacher during the semester, in a minimally transparent way. Cypriot universities (like universities in Greece) ignore high school grades almost entirely for admissions purposes. While a high-school diploma is mandatory for university attendance, admissions are decided almost exclusively on the basis of scores at centrally administered university entrance examinations that all university candidates are required to take.

The majority of Cypriots receive their higher education at Greek, British, Turkish, other European and North American universities. It is noteworthy that Cyprus currently has the highest percentage of citizens of working age who have higher-level education in the EU at 30% which is ahead of Finland's 29.5%. In addition 47% of its population aged 25–34 have tertiary education, which is the highest in the EU. The body of Cypriot students is highly mobile, with 78.7% studying in a university outside Cyprus.

The Cypriot economy is prosperous and has diversified in recent years. According to the latest IMF estimates, its per capita GDP (adjusted for purchasing power) at $28,381 is just above the average of the European Union. Cyprus has been sought as a base for several offshore businesses for its highly developed infrastructure. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008. Oil has recently been discovered in the seabed between Cyprus, Lebanon, Israel and Egypt and talks are underway between Lebanon and Egypt to reach an agreement regarding the exploration of these resources. The seabed separating Lebanon and Cyprus is believed to hold significant quantities of crude oil and natural gas. However the government of Cyprus states that the Turkish Navy does not allow the exploration of oil in the region.

The economy of the Turkish-occupied areas operates on a free-market basis although it continues to be handicapped by the lack of private and public investment, high freight costs and shortages of skilled labor. Despite these constraints the economy turned in an impressive performance in 2003 and 2004 with growth rates of 9.6% and 11.4%. The average income in the area was $15,984 (S₣16,289) in 2008. Growth has been buoyed by the relative stability of the Turkish new lira and by a boom in the education and construction sectors. The island has witnessed a massive growth in tourism over the years and as such the property rental market in Cyprus has grown alongside. Added to this is the capital growth in property that has been created from the demand of incoming investors and property buyers to the island.

The euro was introduced in 2008. Three different designs were selected for the Cypriot coins, chosen from entrants in a competition in 2005. The €2 (S₣2.59) coin is a legacy of an old national practice of minting silver and gold commemorative coins. To commemorate this event, a €5 (S₣6.48) collector coin was also issued. Unlike normal issues these coins are not legal tender in all of the eurozone and so cannot be used in any other country but Cyprus.

There are nine churches and one monastery in Troodos that are counted among UNESCO's World Heritage Sites and several other monasteries, of which the Kykkos monastery is the richest and most famous. The churches are:

The area has been known since ancient times for its copper mines, and in the Byzantine period it became a great centre of Byzantine art, as churches and monasteries were built in the mountains, away from the threatened coastline.

The constant focus on the division of the island can sometimes mask other human rights issues. Prostitution is rife in both the Republic of Cyprus and the Turkish-controlled regions leading to the government being criticised for its lack of controls and for the role of Cyprus in the sex trade as one of the main destinations for human trafficking from Eastern Europe.

There have been reports of mistreatment to the Turkish Cypriots in the Republic of Cyprus. The US Department of State report about human rights in Cyprus in 2002 said that:
Some of the approximately 300 Turkish Cypriots living in the government-controlled area faced difficulties in obtaining identification cards and other government documents, especially if they were born after 1974. Turkish Cypriots also appeared to be subjected to surveillance by the Greek Cypriot police.Domestic violence legislation remains largely unimplemented and mistreatment of domestic staff, mostly immigrant workers from developing countries, are sometimes reported in the Cypriot press and are the subject of several campaigns by the anti-racist charity KISA.