Despite its small size, North Cyprus economy is experiencing higher growth rates. Higher Education Planning Evaluation Accreditation and Coordination Council (YÖDAK) of Northern Cyprus is a member of International Network for Quality Assurance Agencies in Higher Education (INQAAHE).In 2013 there were 63,765 university students from 114 countries in nine universities in Northern Cyprus. Cyprus: Industrial production falls at sharpest rate in over six years in March. The nominal GDP growth rates of the TRNC economy in 2001-2005 were 5.4%, 6.9%, 11.4%, 15.4% and 10.6%, respectively. During this period, the so-called "1974 generation of poets" arose, led by poets including Theatre in Northern Cyprus is mostly carried out by the Turkish Cypriot State Theatre, municipal theatres and a number of private theatrical companies. Economy in North Cyprus . Defence and Peace Economics, 25 (5). pp. The revenues gained by the education sector in 2011 was $400 million.Economic development is adversely affected by the continuing Cyprus problem. Praeger/Greenwood p.58Feridun, Mete, Sawhney, Bansi and Shahbaz, Muhammad (2011) "The impact of military spending on economic growth: the case of North Cyprus." This has led to some experts characterising it as an effective World Happiness Report 2016 of United Nations' Sustainable Development Solutions Network (SDSN) ranked Northern Cyprus 62nd among 157 countries.Northern Cyprus received 153 asylum applications during 2011–14 according to United Nations High Commissioner for Refugees (UNHCR).In the wake of the April 2004 referendum on the United Nations The European Union considers the area not under effective control of the Republic of Cyprus as EU territory under Turkish military occupation and thus indefinitely exempt from Turkish Cypriots have been applying for decades for passports issued by There are seven border crossings between Northern Cyprus and the Republic of Cyprus.In October 2012, Northern Cyprus became an observer member of the The presence of the mainland Turkish military in Cyprus is highly controversial, having been denounced as an occupation force by the Republic of Cyprus and the international community.
Tourism is one of the leading growth sectors in Northern Cyprus and the authorities and NGOs are placeing a high degree of priority. North Cyprus > About North Cyprus > Economy Northern Cyprus Economy During the period between 1963 and 1974 the Turkish-Cypriot economy exhibited most of the symptoms of the economic underdevelopment. Its mild climate, rich history and nature are seen as sources of attraction. In recent years the construction industry has played in a big part in North Cyprus’ developing fortunes. This was due to their view of Denktaş resigned in the wake of the vote, ushering in the pro-settlement In 2011, Turkish Cypriots protested against economic reforms made by the Northern Cyprus and Turkish governments; The politics of Northern Cyprus takes place in a framework of a The president is elected for a five-year term and is currently Due to Northern Cyprus's isolation and heavy reliance on Turkish support, Turkey has a high level of influence over the country's politics. The economy of Turkish-occupied northern Cyprus is about one-fifth the size of the economy of the government-controlled area, while GDP per capita is around half. Greek Cypriots are not allowing foreign nationals to cross into North Cyprus by imposing new restrictions at border gates, according to a senior Turkish Cypriot official.. Greek Cypriots have been enforcing additional curbs, preventing foreign nationals from visiting Turkish Cyprus, … Several Northern Cyprus has an area of 3,355 square kilometres (1,295 sq mi), which amounts to around a third of the island. The economy of Northern Cyprus is dominated by the services sector (69% of GDP in 2007) which includes the public sector, trade, tourism and education. Under a July 2006 agreement, Ankara is to provide Northern Cyprus with an economic aid in the amount of $1.3 billion over three years (2006–2008).The tourism sector of Northern Cyprus has seen high levels of constant growth.