Cyprus-Forum.com

[halil]

The Economic and Financial Cooperation Protocol signed between Turkey and the Turkish Republic of Northern Cyprus has been approved.
The Protocol covers 2010, 2011 and 2012 and aims to allow the TRNC to make financial reforms as well as to gradually lower the budget deficiency.

Up to 2,5 million Turkish Liras worth credits will be provided to the TRNC for new projects, except those on water and electricity supply.

The approval of the Protocol was published in Turkey’s Official Gazette.

Within the framework of the Protocol, the Turkish government will provide credit assistance to the TRNC for infrastructural investments and for the development of the real sector, while the TRNC will be making the necessary reforms.

Ankara will provide credits to the TRNC for investments in various fields, especially in the tourism sector.
It will also supply technical assistance to the Republic in the fields needed.

[paliometoxo]

yay more money from turkey... excellent.. because for the last 35 years they dident take a penny from turkey.. but its not news that turkey is giving more money into their illigal invaded part of our country