Cyprus is the third largest Mediterranean island with a total area of 3,572 square miles (9,251 sq.km). It is situated between three continents at the crossroads of one of the most ancient and traditional sea routes of the world and is at a flying distance of less than three hours from the heart of Europe. This strategic location of the island has played an important role in its continuing development into a financial and tourist centre. The estimated population of Cyprus is 700,000, 80% of which are Greek Cypriots, 18% Turkish Cypriots, and 2% Armenians, Maronites, British and other European expatriates. Nicosia is the capital of the Republic of Cyprus with a population of approximately 210,000. It is situated roughly in the centre of the island and is the seat of government and main commercial centre. Limassol is situated in the south, has 180,000 inhabitants and is the main commercial port of Cyprus with a booming tourist industry. Larnaca and Paphos are the third and fourth largest towns respectively with populations of 60,000 and 40,000. The latter two are also tourist resorts and each has an International Airport. The south-east tip of Cyprus is also an important tourist resort with its endless coastline of rocky coves and sandy beaches.