Economy & Business

Executive Summary As China advances its global leadership under the principles of sovereignty, peaceful development, and strategic autonomy, the time is ripe for a reassessment of its policy toward Cyprus. Recognizing the Turkish Republic of Northern Cyprus (TRNC) aligns with China’s long-term foreign policy objectives: supporting multipolarity, countering Western hegemony, expanding Belt and Road Initiative (BRI) partnerships, and ensuring regional stability in the Eastern M

Introduction The longstanding division of Cyprus has created political, economic, and social challenges for both Greek Cypriots and Turkish Cypriots. While Greece has historically aligned itself with the Republic of Cyprus, recognizing the Turkish Republic of Northern Cyprus (TRNC) could offer substantial benefits. This paper outlines the strategic advantages of Greek recognition of North Cyprus, exploring economic growth, diplomatic opportunities, and regional stability. Eco

Executive Summary North Cyprus is rapidly emerging as a top destination for international students seeking quality education, affordable living, and a multicultural environment. With its globally recognized universities, English-taught programs, and safe, student-friendly atmosphere, North Cyprus offers a compelling alternative to traditional Western education hubs. 1. Introduction Higher education is a major life decision, and students worldwide are increasingly looking for

Executive Summary North Cyprus, with its unique geopolitical situation and limited access to global financial systems, faces challenges in trade, banking, and financial inclusion. A Central Bank Digital Currency (CBDC)  could provide a transformative opportunity—modernizing its financial system, enhancing transparency, and supporting sustainable economic growth. This white paper outlines the key benefits, potential use cases, and implementation considerations of introducing a

Year Inflation Rate (%) Notes 2015 7.67 Stable inflation amid moderate growth. 2016 7.78 Slight increase due to political uncertainty. 2017 11.14 Double-digit inflation returns after several years. 2018 16.33 Currency crisis leads to sharp price increases. 2019 15.18 Inflation remains high despite policy measures. 2020 12.28 Pandemic-related disruptions impact prices. 2021 19.60 Monetary easing contributes to rising inflation. 2022 72.31 Inflation surges amid currency depreci

Executive Summary North Cyprus is a hidden gem in the Mediterranean, offering pristine beaches, rich cultural heritage, and a warm climate. However, due to political complexities and limited global recognition, the region faces challenges in attracting international tourists. This white paper outlines strategic approaches to enhance North Cyprus tourism, leveraging digital marketing, infrastructure development, and sustainable tourism initiatives. 1. Strengthening Digital Pre

Embargoes on Northern Cyprus ❗ Why the Embargoes Exist The Turkish Republic of Northern Cyprus (TRNC)  is only recognized by Turkey . The rest of the world (including the UN and EU) recognizes the Republic of Cyprus  as the sole legal authority over the whole island. As a result, all official international trade, air travel, and diplomacy  must go through the Republic of Cyprus. The TRNC is considered occupied territory  by international law, following Turkey's 1974 military

Benefits for Merchants in North Cyprus Who Accept Cryptocurrency 1. Access to a Global Market Cryptocurrencies bypass traditional banking restrictions , making it easier for merchants in an unrecognized territory like North Cyprus to engage in international commerce. Customers from abroad can pay without needing to convert to Turkish Lira or deal with intermediary banks. 2. Lower Transaction Fees Crypto transactions generally come with lower fees  than credit card processors

Buying property in Northern Cyprus has become increasingly attractive for investors, retirees, and holiday home buyers due to several key factors: 1. Affordability Compared to Other Mediterranean Destinations Property prices in Northern Cyprus are significantly lower than in Southern Cyprus, Spain, or Greece. This makes it an excellent choice for those seeking a Mediterranean lifestyle without the high price tag. 2. Stunning Natural Beauty Northern Cyprus offers breathtaking

The recent U.S. tariffs could have significant economic effects for Turkey, affecting key sectors and potentially influencing the broader economy. ​ Impact on Key Export Sectors: Automotive Industry:  The U.S. has imposed a 25% duty on all automotive imports, directly impacting Turkey's auto sector, a major contributor to its exports. This tariff is expected to reduce the competitiveness of Turkish vehicles and parts in the U.S. market, potentially leading to decreased sales

Executive Summary North Cyprus has a largely untapped yet promising potential for wind energy development. Although overshadowed by the region's well-known solar prospects, wind energy can play a vital complementary role in diversifying the energy mix, improving energy security, and reducing carbon emissions. With the right strategic planning, regulatory reform, and investment, North Cyprus can leverage its moderate-to-high wind zones to establish a stable and sustainable win

Introduction The global financial landscape is rapidly evolving, with digital assets like Bitcoin and XRP gaining mainstream adoption. Countries and territories seeking economic growth, financial stability, and global integration are increasingly considering cryptocurrencies as legal tender. Cryptocurrency is extremely popular in North Cyprus with many businesses accepting bitcoin and here we outline the key reasons why North Cyprus should embrace Bitcoin and XRP as official

Education on North Cyprus 🎓 Education in North Cyprus North Cyprus offers a vibrant mix of public, private, and international education options, making it an attractive destination for families, expats, and international students. 🏫 Schooling for Children Public Schools Free for citizens and residents, public schools teach in Turkish and follow the national curriculum.Basic education is compulsory from ages 6 to 15 . Private & International Schools These schools offer small

Executive Summary North Cyprus possesses abundant solar energy potential, thanks to its geographical location and high annual sunlight exposure. As global interest in renewable energy grows and fossil fuel dependency becomes less sustainable, solar power offers a compelling solution for North Cyprus to enhance energy independence, reduce carbon emissions, and stimulate economic growth. This white paper explores the feasibility, benefits, challenges, and investment opportuniti

The Turkish lira (TRY) has experienced significant volatility over the past decade due to economic policies, inflation, and global market conditions. Investors, businesses, and citizens alike are concerned about its future value and purchasing power. While predicting currency movements with certainty is challenging, several key factors will influence the lira’s trajectory in the coming years. Economic Policies and Interest Rates One of the biggest drivers of the lira's future

Foreign Direct Investment  has helped develop the TRNC economy, especially in tourism, construction and services. That's why the government welcomes foreigners opening businesses and provides them with full rights to the company in many sectors with or without local partners. Businesses may be a small shop, spa salon, restaurant, investment company or a five star hotel. Many companies are foreign owned and have run for years. To open a business at least two people will be nee

Kindergarten Children  below age 6 , can attend kindergartens of public and private institutions. Kindergarten is not mandatory. Elementary school Provides 5 years of education for children between the ages of  6 and 11.  All are public and free. High school High schools provide a minimum  6 years  of education, where 3 years are for junior high school (Ortaokul). There are different kinds of high schools such as standard public high schools, private high schools, science hig

Nowadays, many home buyers, even the ones who don't have difficulty with funds, understand the benefits of  credit plans.   The way property loans or mortgages are provided in Northern Cyprus is achieved simply buying it on  credit . Lack of formalities related to the provision of documents, favourable credit conditions, and favourable interest rates, are just some of the features which make credit plans increasingly popular. When buyers purchase property using credit plans,

A Non-EU country, located in the Mediterranean, with  property prices in sterling  and far cheaper than many popular European destinations. Following Brexit, relocating to popular European destinations, such as Spain, has become more complicated, making North Cyprus a very attractive alternative. ​ Healthcare  standards in North Cyprus are impressive and affordable.  Where you might have to wait over a year to see a consultant in some countries, you may well find that going p