North Cyprus News | Will it Hit 4TL to the £1?

North Cyprus News | Turkish Lira Plummeting

Watching the Turkish Lira slowly weaken against the British Pound, currently at a record low, I begin to wonder if 4TL will soon buy £1. It currently stands at 3.88TL/£1 and is showing no sign of bouncing back. For those who opened TL accounts and hoped the lira would strengthen there must be a […]

Cyprus Problem | Corruption Index

Cyprus Problem | Corruption Index

The Kibris Postasi newspaper (13.02.15) reports that the US Secretary for Defense’s spokesperson, Lieutenant Colonel Vanessa Hillman, said they were aware of the possibility of Russia building an air base in south Cyprus but said that the relations between the two countries were based on long military, economic and cultural ties. However, she said, […]

Cyprus Problem | South’s President Ready to Negotiate, NOT!

Cyprus Problem | South's President Ready to Negotiate, NOT!

According to Kibris newspaper (06.02.15) the south’s President Anastasiades made “important statements” yesterday during a press conference organised at the south’s Presidential Palace for Turkish Cypriot and Turkish media. Apparently he said that he is ready to return to the negotiating table and for a solution. However, he won’t be returning to the negotiating […]