Publication

This paper examines possible consequences of the rapprochement between Greece and Turkey for Cyprus. The authors argue that this has led to a boom in commercial relations between the two countries, and has transformed Greece into one of the top 10 foreign investors in Turkey, while the latter itself has turned into one of the fastest growing markets for Greece, especially for tourism. These developments, according to the authors, combined with Cyprus's small size, suggest that the most lucrative opportunities for Cypriot businesses and the wider public after a solution to the Cyprus Issue lie beyond the island, namely in doing business with Turkey.