North Cyprus News | Online News for North Cyprus

South says TRNC water project will negatively effect its economy

South says TRNC water project will negatively effect its economy

July 14
16:58 2014

The water pipeline project from Turkey to North Cyprus is almost complete.

According to an article published in the Greek Cypriot Press, the Greek Cypriot government has formed a council consisting of Greek Cypriot MP’s to deal with the negative repercussions the water will have for South Cyprus, ‘Kibris Postasi’ reports.

Based on those articles, the Greek Cypriot authorities believe that once the water reaches North Cyprus, property values in the North will rise and in the case of a solution being found to the Cyprus problem, the Turkish Cypriots will demand more money for the return of their lands.

Greek Cypriot farmers and producers are also worried that with the arrival of the water, the Turkish Cypriot farmers and producers will have an advantage over them as they will be able to increase production and Greek Cypriots will be unable to compete with Turkish Cypriot prices.

 

Local Weather

Kyrenia, Cyprus
15°
16°
Sun
16°
Mon
15°
Tue
14°
Wed
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.7845
EUR
EUR
4.6450
GBP
GBP
5.2733

Upcoming Events

  1. Whirling Dervish

    January 20
  2. Guzelyurt Market

    January 20
  3. Lambousa Market

    January 20 @ 9:00 am - 1:30 pm
  4. Lemar Market

    January 20 @ 10:00 am - 3:00 pm