
Map of Cyprus showing the Greek Cypriot part of Nicosia district. The green areas are the UK Sovereign Base Areas, the blue area is the UN buffer zone. Areas north of the buffer zone are controlled by the Turkish Republic of Northern Cyprus, areas south are controlled by the Greek Cypriot government. Nederlands: Kaart van Cyprus met het Grieks-Cypriotische deel van het district Nicosia. Português: Localização do distrito de Nicósia (Photo credit: Wikipedia)
This is a must-read from Turkey’s leading paper, Hurriyet Daily News, sourced from Associated Press.
According to the report, China’s Foreign Minister Wang Yi said his country is interested in operating Greek Cypriot ports and to help turn the small east Mediterranean island nation into a regional shipping hub.
Source: China looks to operating Greek Cypriot ports – ASIA
This is an upbeat article around building Cyprus into a regional shipping hub. It also focuses on China supporting other world leaders in encouraging reunification of Cyprus.
With reunification, offshore oil and gas, and increasing international investment in Cyprus, there is now massive upside potential with limited downside risk. Of course, Cyprus has also been a strategic location since Richard the Lionheart. Against this background, Cyprus is rapidly becoming a preferred location for a second home.
Thoughts?