Turkey’s government has approved of new credit for Northern Cyprus under the protocol of 2013-15.
The new property boom in Northern Cyprus strongly reminds of Annan Plan times, as the statistics shows 25% increase in property sales in recent months. According to the official representatives of real estate agencies in TRNC, millions of pounds are invested in TRNC property by buyers from England, Scandinavia, and Russia.
After a pause taken in peace talks for about two years, on Tuesday, February 18th, leaders of Turkish and Greek Cypriot communities joined forces at negotiation table and agreed to issue a joint statement that recognizes the equal statuses of the two states.
Construction of Lapta’s coastal path is continuing, the second phase of the project includes development of the path across the water. The official opening of the first phase will take place next month, as promise officials.
Foreigners soon will be able buy up to three properties in North Cyprus. The new law, which will boost the economy of the TRNC, is discussed in parliament. One-time property tax will be also reduced.
In the absence of political solution in Cyprus, UN forces will remain in Cyprus for another six months, until 31st of July 2014.
Speaking at a joint press conference in Brussels on Tuesday with the President of the European Parliament, Martin Schulz, Turkish Prime Minister Erdogan said that troops will not be withdrawn from the territory of TRNC.
North Cyprus minister of Environment and Natural Resources, Hamit Bakirci, announced that construction of pipeline between Turkey and TRNC will be completed in the end of 2013.
According to the data released by the police of Northern Cyprus, the crime rate has dropped significantly over the last year.
Head of the civil aviation workers’ union Hava-Sen of Northern Cyprus, Burak Atakan confirmed that new airline was created that will perform flights from Turkey to Northern Cyprus and back.
According to Northern Cyprus newspaper Cyprus Today, the cost of living in the country increased by 10.22% compared to last year, while the inflation rate reached 40%. Minimum wage increased from 1,415 to 1,560 TL.
According to the latest data published by the Hotel Association of Northern Cyprus (KITOB), the number of visitors in five-star hotels in December increased by 6% compared with the same period last year.
Prices for petrol in Northern Cyprus have increased by 9 Kuruş.
Veterinary Department of Northern Cyprus issued a new law stating that all dogs in the country must have microchip, carrying the information about the dog and its owner.
Pink flamingo visited Northern Cyprus again.
Both presidents of Cyprus will be invited to New York to meet with UN’s secretary general Ban Ki-Moon to finally agree on joint statement, the necessary precondition for resumption of peace talks. According to UN’s source, special adviser Alexander Downer will visit Cyprus on Sunday with a new plan of action aimed at the start of negotiations.
A new shopping center will be introduced to consumers of Northern Cyprus on one of the most lively shopping streets in Nicosia – Metropol.
On Monday, consumers of Northern Cyprus were surprised by another rise in gasoline prices in the country.
