North Cyprus has showed economic over the last three years according to the statistics issued by the Turkish government. Research shows that on average, the TRNC's economy grew by 10.4% over the past three years, and this ratio is significantly higher than the performance of the EU countries.
But Ankara's ambassador to North Cyprus, Halil Ibrahim Akca, describes the results achieved, as "below expectations." Despite this, Mr Akca, said that "the backbone of the economy of Northern Cyprus" – tourism sector, higher education and the country's agriculture have performed really well.
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More than 21 thousand houses are waiting for buyers in Northern Cyprus
As of the end of March, it was established that in Northern Cyprus there were more than 21 thousand houses offered for sale waiting for buyers. Economists note that stagnation in the real estate sector has led to an increase in the number of homes for sale.Karpas Research Station opened on Ronnas Beach
A research station has opened on Ronnas Beach, on the Karpaz, one of the most important spawning grounds for sea turtles. It will now host numerous studies, including turtles, migratory birds and wild donkeys.Marash is a billion pound project.
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