The budget of the Turkish Republic of Northern Cyprus for 2013 was approved on Monday, 17 December 2012. During the open vote, 28 deputies voted in favor of the budget, 13 voted against, and 9 deputies were absent. The budget of Northern Cyprus for 2013 is 3,443,330,348 Turkish liras.
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New Policy of Northern Cyprus: President Tufan Erhürman and Favorable Conditions for Foreign Investors
A new president, Tufan Erhürman, has taken office in Northern Cyprus, bringing a new era of opportunities for foreign investors and property buyers. The removal of land purchase limits, support for education and tourism, and liberal investment policies make 2025 the perfect time to invest. Northern Cyprus is entering a stage of stable growth, transparent regulations, and favorable conditions for living and doing business.Northern Cyprus Introduces Temporary Rules for Work Permits of Third-Country Nationals Starting July 28
The Ministry of Labor and Social Security of the Turkish Republic of Northern Cyprus has announced temporary changes to the work permit policy for foreign nationals employed in agriculture, livestock, and construction. These new regulations, effective from July 28, 2025, are part of an ongoing effort to evaluate labor needs and manage migration flows more efficiently.Ministry of Interior Launches New Digital Systems for Real Estate Transactions
Ministry of Interior Launches New Digital Systems for Real Estate TransactionsJune 15, 2025 - new water tariffs will take effect in Northern Cyprus,
Starting from June 15, 2025, new water tariffs will take effect in Northern Cyprus, affecting both municipalities and agricultural users.
