At the beginning of this month the Turkish Prime Minister Tayyip Erdogan visited Northern Cyprus and promised structural changes and major projects to boost the local economy. Alongside required curbs to some public spending and the privatization of universities and airlines, apparently he is planning ‘a facelift’ for the North.
However, the bottom line is that the island remains divided, and the current leader in Turkey doesn’t seem to ‘care’ about reunification. The Greek Cypriots have never wanted it either, so is Cyprus about to become officially divided and remain so? It’s certainly more divided in terms of its fortunes than it was just 4 years ago.
It’s ultimately an interesting time to live in Cyprus. The north is no longer home to those seeking to buy cheap property and eek out a living cleaning pools and living on fresh air. At the same time there has been a strong exodus in terms of investment in the South. The nation (north and south) is facing challenges, but there seem to be far more opportunities in Northern Cyprus right now.
If you want a low tax business destination then choose the south, but if you want to live somewhere with great hope, choose the North. Either way, both sides of the island are better than bankrupt, rioting Britain
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