İŞAD (The Turkish Cypriot Businessmen’s Association) has criticized the amendments to the Immovable Property Acquisition and Long-Term Leasing (by Foreigners) Law, which came into effect following its publication in the Official Gazette on May 21, 2024.
All drone flights and air sports activities, except for those with special permits, are prohibited from 05:45 on Wednesday, July 17, until 19:59 on Saturday, July 20, announced the Civil Aviation Department of the Ministry of Public
Since June 12, the start of sea travel Kyrenia-Anamur (a city in the province of Mersin), interest in travel continues to increase every day.
The World Bank expects the TRNC's economy to grow by 2.7 percent this year.
It has just become known about changes in the legislation of the Turkish Republic of Northern Cyprus due to the constant increase in demand for real estate for holidays and permanent residence among buyers from abroad. There has been a lot of talk about the number of houses and lands being sold to people from other countries such as Israel, Russia, Ukraine and Iran, Kibris Türk Haber reported. This has led to proposals for new rules for the sale of real estate to foreigners. The goal is to reduce property prices and curb money laundering.
According to this scientific calculation, we can predict the population of Kyrenia to be 155,000. "If we take the entire TRNC, take the average daily waste volume of 850 tons and divide it by 1.03 kilograms, we can easily predict that the number of people living in the TRNC will be approximately 825,000."
As of the end of March, it was established that in Northern Cyprus there were more than 21 thousand houses offered for sale waiting for buyers. Economists note that stagnation in the real estate sector has led to an increase in the number of homes for sale.
A research station has opened on Ronnas Beach, on the Karpaz, one of the most important spawning grounds for sea turtles. It will now host numerous studies, including turtles, migratory birds and wild donkeys.
a consortium of billionaire businessmen from around the world, as well as the world's most successful hoteliers, has prepared a billion-pound project for Maras.
The Mayor of Girne, Murat Şenkul, made a statement about the multi-storey parking projects initiated to solve the parking problem in the center of Girne and areas of Kervansaray.
The facility, established under the Women's Cooperative for Rural Development (4K KOOP), the country's first women's cooperative, with support from the Turkish Cooperation and Coordination Agency (TIKA), will dry and package fruits such as tangerines, oranges, strawberries and bananas. as a healthy snack without the use of additives.
The cost of living in Northern Cyprus, whose economic fortunes are linked to Turkey through the lira, has spiraled out of control in the past year, reports Yeniduzen.
Minimum wage set in northern Cyprus from January 2024
Forbes magazine, a very prestigious business magazine of America, in its news advisory entitled “5 affordable places to buy property abroad in 2024”; noted that Northern Cyprus was again at the top of the list.
State electricity authority Kib-Tek raised prices by 15 percent from November 1, and prices will rise again by 7 percent from December 1. This is the fourth price increase in 2023.
Interior Minister Dursun Oguz said that a new bill is being developed regarding foreigners owning real estate in the country. Answering questions from media representatives, Oguz said that although foreign citizens have the right to buy only one house according to TRNC laws, the number of real estate purchased under agreements concluded between the parties has increased significantly.
"GIRNE FEST 23", which will be held for the first time this year from September 1 to October 10, will continuously hold cultural, artistic and sports events for 40 days.
