The Cyprus Peace Dividend for Turkey and Greece
This study is the third in the series of Day After reports prepared by the all-female team
that has come to be known as The Three Ladies. In our first report, we analyzed the
commercial opportunities that could arise from the reunification of Cyprus and quantified
the peace dividend for the key sectors that would benefit. In our Day After II report, having
analyzed the investment and reconstruction needs in the first few years, we went one step...
Reconstructing a reunited Cyprus
This report does not aim to propose any specific solution to the Cyprus problem. Rather,
by examining a range of scenaria, it attempts to answer some of the key questions
uppermost in Cypriotsʼ minds: “How much will the solution cost? How can it be financed?
What will be the impact on jobs and growth?”
In order to answer these questions, we first examine four different scenaria to estimate the
amount of new housing, renovation and infrastructure...
Commercial opportunities following a solution to the Cyprus problem
Rapprochement between Greece and Turkey has led to a boom in commercial
relations between the two countries that has transformed Greece into one of the top
ten foreign investors in Turkey and has turned Turkey into one of the fastest growing
markets for Greece, especially for tourism. Trade in goods and services between these two
countries rose at an annual average rate of 25% in 2000-06, while the tourism market
increased at an astonishing...