Cyprus may be small, but its reunification could have huge global ramifications – Telegraph

English: Map of Cyprus showing districts

English: Map of Cyprus showing districts (Photo credit: Wikipedia)

The UK Telegraph claims that according to some estimates, reunification of unification  could boost the island’s GDP by €5bn within five years (or €1,700 per capita) and €10bn within 20. It qualifies that this is a considerable fillip given that GDP in the south was only €21.1bn last year.

Source: Cyprus may be small, but its reunification could have huge global ramifications – Telegraph

As a UK national resident in Cyprus, I am encouraged that mainstream newspapers are looking to Cyprus’ upside potential.

It’s interesting to speculate on where the benefits will fall. Here’s my take on what to expect:

  • A massive property boom
  • Accelerated development of Cyprus offshore gas and oil, with the related secondary industries.
  • Cyprus global investment hub and business services to benefit.
  • Higher education achievement, with related increased skills to attract more high technology industries, and of course
  • Cyprus’ location in the Mediterranean with three hundred days of sun will guarantee a boom in tourism and related consumer service industries, like restaurants, hotels and shops.

Of course, since King Richard the Lionheart Cyprus has been a strategic location. Did you know that Richard the Lionheart was married in Limassol, Cyprus?

Thoughts?

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