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.
Share on social networks:
Northern Cyprus News: July 2026 Digest
The real estate market and infrastructure of the Turkish Republic of Northern Cyprus (TRNC) continue to develop actively, moving towards a phase of maturity and increased security for foreign investors. Here is our key overview of the main events and legislative changes on the island over the past week.Northern Cyprus: Key Developments in July 2026
Stay updated with the latest Northern Cyprus news, including property regulations, investment trends, infrastructure developments, tourism updates and key events shaping the future of the island in 2026.Northern Cyprus Property Market: A More Mature Market
The Northern Cyprus property market is evolving. After years of rapid growth, the market is becoming more mature while buyers are becoming more selective. Why is demand for completed properties increasing, which areas remain the most attractive, and what opportunities lie ahead for investors? AllianceNC reviews the key trends shaping the market in 2026.Northern Cyprus Real Estate, June 2026 – Key Market Highlights
North Cyprus: Property Market and Tourism Update – June 2026. The North Cyprus property market continues to evolve as it enters a more stable phase of growth. Which areas remain the most sought-after? What is happening in Iskele and Esentepe? How is tourism supporting property investment opportunities in 2026? Read AllianceNC's latest June market overview.
