North Cyprus – TRNC News Today – 8th April 2016


TRNC News Today

President Akıncı returned to the island

President Mustafa Akıncı, who returned to the island following his participation in the 19th Eurasian Economic Summit in İstanbul, stated that terrorism and the refugee crisis were discussed at the summit and also a panel was held regarding the involuntary migration and he added that he was one of the speakers at the panel.

Mentioning that the Eurasian geography is very important, Akıncı said that Turkey is one of the important countries that plays an important role in this geography.

Akinci returned to the island

Stating that the summit was fruitful on behalf of the Turkish Cypriot people and the country, Akıncı added that:

“Being in İstanbul and making various contacts was definitely fruitful on behalf of the Turkish Cypriot people and the country. In this context, we had a chance to meet with the 11th President of Turkey Abdullah Gül and the Turkish Deputy Prime Minister Responsible for Cyprus Affairs Tuğrul Türkeş and to discuss the latest developments in the Cyprus issue. Now there’s another process that is waiting for us. It is necessary to make assignments in order to form the new government……. 

Akıncı: “Assessment of underground resources with reasonable economic formula can provide gains to all parties in the region”

In his speech at the 19th Eurasian Economic Summit, addressing the Heads of State and government officials, President Mustafa Akıncı emphasized that it is possible to establish a balance in which all parties can gain profit at the same time by considering the underground resources in the region with a reasonable economic formula. Stating that this will ease the reaching of regional peace as well as sustaining peace and bringing economic dependency on the agenda, President Akıncı said, “Today if we spent intense effort to find a solution to the Cyprus problem, it is not only for ourselves. If we succeed to remove this lasting problem we know that it will be beneficial for our region.”

Akinci - Assessment of underground resources

Emphasizing that the solution to be found for the Cyprus problem will be a good example for the Middle East which is struggling with war and social destruction due to the effects of internal conflicts, Akıncı said that we can also be a strong intersection point for joint projects and projections which ensure regional cooperation.

Furthermore, in his speech Akıncı mentioned the issues of natural resources, refugee problems, globalization and global terrorism.

Denktaş: “Our priority is UBP”

Democrat Party National Forces (DP-UG) leader Serdar Denktaş said that their priority on the coalition talks is UBP and their talks will continue.

Serdar Denktas

Denktaş said that the decision of forming a coalition government with UBP and continuing negotiations has been taken by a large majority. Denktaş confirmed that UBP have been offered Finance, Education and Environment Ministries and added that they will accept the offer without negotiation.

TRNC will be promoted at EXPO 2016 Antalya

Expo 2016 AntalyaThe TRNC will be promoted at the World Botanic Expo which is considered one of the world’s most important organizations with the theme of “Flower and Child” by name “EXPO 2016 Antalya” will be held in Antalya between 23 April-30 October.

The TRNC will take place with a 600 square meters culture house among 54 “Culture Houses” of different countries which will promote their local motifs.

South Cyprus Central Bank says ‘know your customer’

South Cyprus is enhancing requirements on commercial banks and intermediaries to know the identity of their customers, days after a massive data leak detailing how the world’s rich skipped through loopholes to transfer cash in low-tax jurisdictions.

Tighter regulations forcing banks and intermediaries to know their clients, as well as suspending account transactions for non-compliance, came into effect on Thursday, the Central Bank of South Cyprus said in a statement.

Mossack Fonseca

Reuters in its article dated 7th April stressed that South Cyprus is home to thousands of offshore companies, many of them Russian.

Britain’s Guardian newspaper reported on Sunday a network of secret offshore deals and loans which helped people close to Russian President Vladimir Putin to get rich, identifying some firms based in South Cyprus. One bank named, South Cyprus-based RCB, denied any wrongdoing.

The disclosures were part of a leak of documents from Panamanian law firm Mossack Fonseca on the financial arrangements of prominent figures worldwide, from Putin’s circle of friends to relatives of British Prime Minister David Cameron.

Greek Cypriot legislation allows the creation of companies with a “nominee” structure whose beneficiaries are not listed in company filings, but authorities say they impose a “know your customer” regulation on banks and intermediaries.

Source: TRNC Public Information Office –

To read more news and information from the TRNC Ministry of Foreign Affairs, please click here

Pictures shown are courtesy of the TRNC Public Information Office Facebook page.

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