Cyprus has been trading with Israel for many years now and the two have exchanged embassies ages ago. What else do you expect them to do… attend a synagogue together?
Yes they have. And the 'TRNC' has been doing business with Israelis for many years now too.
Check out this WARNING TO ISRAELIS on the LawCyprus website just a couple of months ago in April this year:
http://www.lawcyprus.org/2010/04/06/cyprus-lawyers-warn-israelis-to-be-very-careful-investing-in-northern-cyprus/
With all the controversy over the Cyprus divide, it would appear to most a very risky time to invest on the Northern Turkish Occupied area of Cyprus. But for the Israelis’ this is not the case.
After investigating this issue, we found Israeli nationals are increasingly buying land and property on the Northern Side. Also Israelis’ are investing millions of Euros erecting new buildings for business purposes and most of their investments affecting Greek Cypriot Land! Always keep in mind that 92% of land in the North is owned by Greek Cypriots, and most of the Turkish own land in the South.
It is good for any community when investors take interest and invest major sums of money in the area. It has to be said however, that checks must be carried out before buying any land or property on the Turkish Occupied Area of Northern Cyprus.
A recent court ruling allowing a Greek national to keep his rights to his family land on the Northern Side, has now opened the floodgates to thousands of Greek nationals also proceeding to make the same claim for family owned land before the 1974 invasion.
Are they to be 'excused'? Unlike the Brits who buy lots of flats and houses, but I doubt many of them invest on the same scale as Israelis or Russians do.
