Two large recreational complexes will be built in North Cyprus in Lefke region. British investors are planning to built 40 million Euro project that will include marina, boutique hotel, and resort complex, which may also include gold club. Also, a partnership between Norwegian and Swedish investors offered to build health center, a 60 million euro project, in the area of Lefke dam. Construction of both projects is to begin next year, if all necessary approvals are received. It is known that the two groups of investors have already paid a deposit, and British entrepreneurs opened firm in North Cyprus. Projects will be a boom to Lefke’s economy in which there was no significant investment for several years. Throughout the year, North Cyprus has participated in many events and exhibitions for the "opening" of the country to the outside world. TRNC government is actively helping foreign entrepreneurs to invest in the country by providing safe conditions for them to invest. British investors’ project will be built on the land size of 60 dunums, which is 82.080 sq.m. The same place was marked for construction of petrol station last year, but after protests from local residents, the project has been terminated.
Share on social networks:
The Çatalköy-Esentepe Municipality is implementing a significant project to support stray animals
The Çatalköy-Esentepe Municipality is implementing a significant project to support stray animals, following the principles of social municipal governance. Under the initiative of Mayor Ceyhun Kırok, food waste from hotels will be repurposed into nutritious and beneficial meals for stray cats and dogs.Rental prices for apartments in TRNC have increased
Rental prices for apartments in TRNC have increased by an average of 22 percent over the past year.New Work Permit Regulations Come into Effect for Foreign Nationals
The Ministry of Labor and Social Security has announced new requirements for employers applying for work permits for third-country nationals. Starting February 25, 2025, employers will be required to submit a security deposit of 250 euros and provide a notarized undertaking. This regulation is based on Article 34 of the Regulation on Work Permits for Foreigners under Law No. 63/2006.A New Mortgage Loan Program Launched in K.K.T.K.
A new mortgage loan program has been launched in K.K.T.K. for citizens who do not have registered housing in their name, their spouse’s name, or their children under 18. The program is intended for families with an income of up to 250,000 Turkish lira and offers favorable conditions.
