Tag Archives: economy

IMF, World Bank want single Cyprus economy

IMF, World Bank want single Cyprus economy

UN Special Envoy Espen Barth Eide has informed the two community leaders on the island that both the IMF and the World Bank are calling for a single economy for Cyprus in the event of a solution. According to reports in Phileleftheros on Monday, the comments were made during a recent seminar that took place

Saving Turkish Cypriots…

Hurrah… Once again Turkey extended its generous helping hand and salvaged Turkish Cypriots from an economic collapse. Deputy Prime Minister Tuğrul Türkeş – a Turkish Cypriot from his late father Alparslan Türkeş – signed a 62.5-million-Turkish-Lira check to save the Turkish Cypriot economy days before the start of the new year, though on the island

The challenges of 2016

The people of Cyprus will start 2016 hoping to see major landscapes on both the political and economic scene. Here are some of the basic challenges needing urgent implementation during the next 12 months. Nicos Anastasiades and Mustafa Akinci have until the summer to forge a deal on the Cyprus problem. The presidential election campaign

Anastasiades New Year message: 2016 could be the year of a solution

By Andria Kades Without wanting to create unrealistic expectations, the New Year may be the year which will put an end to Cyprus’ occupation, President Nicos Anastasiades said on Thursday in a televised message to the public expressing his wishes for 2016. Addressing Greek Cypriots he sought to stress his continuous efforts to work tirelessly

Economic Implications of a Solution to the Cyprus Problem

By Marios Zachariadis The election last May of a politician like Mustafa Akinci demonstrates that a large proportion of Turkish Cypriots are not happy with the current situation and seek a compromise. The election clearly reflected and created better conditions for a proper solution to the Cyprus problem. This article aims to highlight some of

Looking at the pros and cons of potential Cyprus settlement

As possibilities emerge that there could be a potential solution to the Cyprus problem, questions on the economic pros and cons arise. Economic recovery, foreign investment, and lowering unemployment seem to follow such a possible re-unification of the island, head of the CIIM (Cyprus International Institute of Management) Theodoros Panayiotou told Sigma TV. See more

What If…

In 2013, the Cyprus Chamber of Commerce & Industry (CCCI) and the Turkish Cypriot Chamber, produced a short film entitled What If…, presenting the economic benefits of a viable solution of the Cyprus problem for both communities. The business community has always been ahead of our politicians, cooperating on various policy areas that benefit both

Details from the discussions of the working groups on the “economy” chapter

Under the title “They stuck in the ‘taxation’”, Turkish Cypriot daily Yeni Bakis newspaper (17.09.15) reports that according to secret information it has obtained, disagreement exists in the working groups within the framework of the Cyprus talks regarding the taxation in the transitional period government to be established after the solution of the Cyprus problem.