This is an outstanding, must-read article by the Economist. The article reports that Greek and Turkish Cypriots, close to a deal but may yet call the whole thing off.
The article is optimistic but cautious.
Importantly, the Economist features that the economic growth impact of reunification would be equivalent to an extra 3% GDP. This would push Cyprus growth to Asian levels and it would outstrip many European countries.
Cyprus has had its tough times in recent years but now opportunities exceed risks. I would expect an investment boom as the country continues to strengthen.