17 Jan 2016 Are Turkish Cypriot banks really the Wild West?

In an interview with the Financial Times this week, the finance minister, Harris Georgiades, referring to the Turkish Cypriot banking sector, said “It’s a bit of a wild-west situation. Nobody knows enough about ownership, capitalisation and supervision in the Turkish Cypriot banking system.” Taken at face value, this suggests that there is no information at all on the Turkish Cypriot banks. However, with a little bit of digging and a lot of Google Translate, it is possible to glean some facts about the banks in northern Cyprus.

15 May 2015 Let it not be ‘the economy, stupid’

Talks to resolve the Cyprus problem start earlier than expected on Friday, and all of a sudden, after more than ten years and lots of tears, people are daring to hope again that a solution might be possible.
According to research, the hardcore ‘no’ vote among Greek Cypriots is about 25%. Interestingly, it is the same size as the hardcore ‘yes’ vote. That leaves a very large 50% of undecided voters. These people will be swayed by whoever has the best strategy for the referendum. Read full article here

31 August 2014 Sapienta Country Analysis August: Executive summary

Sapienta Country Analysis Cyprus, August 2014

Executive summary

Political analysis and outlook The minority DISY-led government has faced fierce resistance to a bill to speed up foreclosures on non-performing loans (NPLs) that is due for a parliamentary vote on 5 September. There are hopes that the autumn period will see a revival of the slow-moving negotiations to resolve the Cyprus problem but we believe that there will be no significant progress until after the Turkish Cypriot presidential election in April 2015.