Tim Drayton wrote:zan wrote:BUSINESSMAN and ambassador for investment for North Cyprus, David Lewis, said that it was now the prime time to invest there at a conference organised by Cyprus Turkish Investment Development Agency (YAGA) and Chamber of Turkish Cypriot Commerce (CTCC).
The Conference, held last Thursday, also highlighted special interest tourism, yacht building and higher education as possible investment opportunities reflecting a service based future for the north of the island.
Lewis said: "You could use the phrase, come in while the water is warm to describe the situation in Cyprus. Here you have the part of the island with areas that are sparsely populated and a Mediterranean coastline which is undeveloped, unlike those of France, Spain and Greece".
Lewis also reflected on the island’s ecological beauty and diversity as a major attraction in the north of the island.
Titled North Cyprus Investment, the Conference also gave participants an opportunity to pose their questions to the relatively newly formed YAGA, who are tasked by the Turkish Republic of North Cyprus government to bring new investment to the TRNC.
Director of YAGA, Ayse Donmezer, highlighted the TRNC economy growth rate of 9.65 per cent between 2002-2007 as the highest in Europe and other favourable investment points including, a low tax rate on corporate income (23.5 per cent), a surplus of educated workers and the lowest office costs in comparison to similar type economies.
Donmezer put forward her vision of the possible future of the TRNC economy by reflecting that the island seeks to attract tourism of the niche kind rather than mass tourism. She said: "Health tourism could be catered for by five star care centres. With the European population aging, why shouldn’t they choose Cyprus as their retirement destination.”
Donmezer added that the education sector is another which she will be actively seeking investment for. She said that there are two new universities already in planning stages in the TRNC and that investment would be more than welcomed for similar ventures.
"Here you have the part of the island with areas that are sparsely populated..."
Academic Zeki Beşiktepeli, who by the way lives in the north of Cyprus, in a recent interview on CyBC television said that he had conducted his own research to determine the de facto population of the TRNC. He went around all the insurance companies to find out how many private cars they were insuring. The total was 270,000. Beşiktepeli claims that the ratio of private cars to people in the north of Cyprus is 4:1, which would mean that the de facto poulation is over one million. One million people packed into that area! It will soon be rivalling the Gaza Strip for population density.
"... the TRNC economy growth rate of 9.65 per cent between 2002-2007 ..."
And after 2007? Everybody and their dog here in Cyprus knows that the TRNC economy is in deep, deep ****.
I have a feeling that such a claim of 1 million in the north is grossly exaggerated. My feeling is that the de facto residents in the north should not be more than 350 thousands, under all circumstances, and this includes TCs, temporary and permanent settlers from Turkey and other countries, as well as students. Even so, with only about 150 thousands being TCs in the best case scenario, they are already a minority in the north.
First of all, the idea that the ratio between people and cars should be a 4:1, is wrong. In the south, nowadays, this ratio is almost close to 2:1, with some 400,000 vehicles for some 850,000 inhabitants (including foreign residents /workers etc.) In the north, one should take into consideration that vehicles of the Turkish army may also be insured, plus vehicles of many thousands of students from Turkey that bring them in Cyprus, as well as cars of Greek Cypriots that are insured in the north so that they can travel there. Probably the insurance companies have counted those too, since many GCs, in order to travel north even for 1 day in a year, must also buy insurance with a minimum of 1 month validity.