Southern Cyprus has signed an agreement on Thursday, allowing foreign companies to drill for natural gas on the southern coast of the island. The group made up of companies ENI of Italy and Kogas of Korea, together paid 150 million Euros at the signing of contact, which gives them the right to drill in 13 designated blocks. Such a course of Southern Cyprus certainly will increase tensions in relations with Turkey, which says that the gas found off the coast of the island, to be divided between the two nations of Cyprus.
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North Cyprus Property Market in November 2026: New Purchase Rules, Taxes and Residence Permits
North Cyprus Property Market: New Purchase Rules, Taxes and Residence Permits in November 2026How Foreign Nationals Can Obtain a TRNC Driving Licence
New regulations for foreign driving licence holders came into effect in the TRNC (Northern Cyprus) on 6 October 2026. Who is affected, how can foreign nationals obtain a TRNC driving licence, and what examinations and training are required? Find out the key requirements, details of the 90-day transitional period and the exceptions that apply to certain nationalities.New Residence Permit Rules in Northern Cyprus: What Changed for Property Owners in October 2026
In October 2026, new rules came into force in Northern Cyprus regarding residence permits for foreign nationals who already own property with a registered title deed (TAPU) in their name, as well as those purchasing property under a sales contract where the TAPU has not yet been transferred.Northern Cyprus Property Market Main News and New Rules for Investors by Alliance
Real estate investment in Northern Cyprus is undergoing a major transformation. The period of chaotic speculative demand has transitioned into an era of high transparency and market maturity.
