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Economy & Business
Stay up to date with the latest economic trends, business opportunities, inflation updates, energy developments, banking, digital currencies, and investment insights shaping Northern Cyprus today.


North Cyprus as an Ideal Writer and Artist Retreat Destination
Executive Summary In an age of constant digital stimulation and increasing urban noise, writers and artists are actively seeking serene, affordable, and inspiring places to focus and create. North Cyprus, with its Mediterranean charm, cultural depth, and unspoiled landscapes, offers the perfect backdrop for artistic retreats. This paper explores the reasons North Cyprus is uniquely positioned to become a leading hub for creative residencies and individual artistic escape. Int
May 9, 20253 min read


Electricity for North Cyprus from Türkiye
Turkey supplies electricity to Northern Cyprus primarily through undersea electricity cables , a major infrastructure project aimed at enhancing energy security and reducing dependency on expensive and polluting diesel-powered generation on the island. Electricity for North Cyprus from Türkiye - Key Details: Undersea Cable Project : A submarine power cable is being developed between mainland Türkiye and Northern Cyprus. The cable will transmit high-voltage direct current (HV
May 5, 20252 min read


Unlocking the Potential of North Cyprus:A Prime Destination for Digital Nomads
Executive Summary As the global workforce becomes increasingly location-independent, destinations that offer a blend of infrastructure, lifestyle, and affordability are emerging as digital nomad hubs. North Cyprus—blessed with natural beauty, strategic location, and low living costs—is uniquely positioned to benefit from this trend. This white paper outlines the key advantages North Cyprus offers to digital nomads and highlights how businesses, governments, and communities ca
May 2, 20252 min read


Rebranding North Cyprus: The Case for Adopting the Name "Kıbrıs"
The Case for Adopting the Name "Kıbrıs" - Introduction North Cyprus, officially known as the Turkish Republic of Northern Cyprus (TRNC), has long faced political and economic challenges due to its lack of international recognition. As global perception plays a crucial role in tourism, investment, and diplomacy, a strategic rebranding of its name to "Kıbrıs"—the Turkish name for Cyprus—could provide significant benefits in multiple areas. This paper outlines the advantages of
May 1, 20253 min read


White Paper: The Strategic Case for Chinese Recognition of TRNC (the Turkish Republic of Northern Cyprus)
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
Apr 30, 20253 min read


Why Overseas Students Should Choose North Cyprus for Higher Education
Why Overseas Students Should Choose North Cyprus - 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, a
Apr 24, 20253 min read


The Benefits of a Central Bank Digital Currency (CBDC) for North Cyprus
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
Apr 23, 20253 min read


Turkey's Annual Inflation Rates (2015–2025)
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
Apr 22, 20252 min read


Embargoes on Northern Cyprus
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
Apr 20, 20252 min read


Benefits for Merchants in North Cyprus Who Accept Cryptocurrency
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
Apr 18, 20252 min read


The attractions of buying property in North Cyprus
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
Apr 16, 20252 min read


Potential effects of US Tariffs on Turkey
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
Apr 14, 20252 min read


White Paper: Why North Cyprus Should Adopt Bitcoin and XRP as Legal Tender
North Cyprus Should Adopt Bitcoin and XRP - 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
Apr 9, 20252 min read


Education in North Cyprus
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
Apr 9, 20251 min read


The Future Value of the Turkish Lira
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
Apr 1, 20252 min read


Opening a Business in Northern Cyprus
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
Mar 14, 20252 min read


Education in Northern Cyprus
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
Mar 8, 20252 min read


Property Loans in Northern Cyprus
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,
Feb 20, 20252 min read


Why Invest in Northern Cyprus?
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
Feb 17, 20251 min read
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