14 Sep 2016 Country Analysis update: solution prospects held at 40%
Sapienta Economics is holding the prospects of a solution of the Cyprus problem at 40%, following a somewhat cautious statement on Wednesday at the end of the intensive phase of meetings between the president of the Republic of Cyprus and leader of the Greek Cypriot community, Nicos Anastasiades, and the president of the unrecognized Turkish Republic of Northern Cyprus (TRNC) and leader of the Tur...
06 Sep 2016 How do you solve a problem like Morphou?
More than 12 years since the last big effort to solve the Cyprus problem, the negotiations have finally entered the “make or “break” phase. There is a general acceptance that this is the last best window for what could end up being a very long time
28 Aug 2016 Cyprus refugees, property and homes
I have long argued that the property aspect of the Cyprus problem cannot be solved until the number-crunchers sit side by side with the political negotiators. This is because one can argue for years over an issue that seems enormous in theory but once you do the numbers, it becomes smaller in practice. For example, a small proportion of Greek Cypriot dispossessed owners owns a very large amount of...
21 Aug 2016 Are Cyprus SMEs being ripped off by banks?
Lending rates in Cyprus have been tumbling in recent years. In December 2007, a month before Cyprus adopted the euro, a small business would pay an average interest rate of 6.51% on loans of up to €1 million. Today, the same business would pay just 4.23% for a new loan.
14 Aug 2016 Russia-Turkey warm up is an opportunity for Cyprus
The visit to Moscow by Turkish President Recep Tayyip Erdogan to meet Russian President Vladimir Putin this week consolidated the rapprochement that had already begun shortly before the attempted coup in mid-July
07 Aug 2015 Debt and deflation
Cyprus is now well into its third year of deflation. According to the EU-harmonised consumer price index, prices fell by 0.4% in 2014, 1.5% in 2015 and by 1.9% in the first half of 2016
31 Jul 2016 Aphrodite’s Cyprus problem
While everyone is getting excited about the big-name bidders in the third Cyprus offshore gas licensing round, it is worth remembering the excitement that first greeted the discovery by Noble Energy in late 2011 of the Aphrodite field in offshore Block 12.
24 Jul 2016 A Turkish Cypriot EEA?
I have spent the best part of the last 13 years trying to do my bit for a federal solution of the Cyprus problem, so writing this article feels like committing a cardinal sin. But for the many and multiplying reasons I have written about elsewhere, time has almost run out for solving the Cyprus problem any time this decade.
10 Jul 2016 No gain without wage reform
Back in 2013, the Cyprus economy was staring over the abyss. Two of the largest banks were about to fold, the government was unable to borrow money to recapitalise them and it was not at all certain that there was political will among eurozone leaders to help