Cyprus Properties

Tuesday, January 15, 2008

North cyprus economy faces dark year ahead

A third sector of the economy, which many hoped would provide stability in the north, is higher education. But with that also in the relative doldrums, it seems there is nothing left to lift the Turkish Cypriot off the floor at present. With around 25,000 foreign students studying at the six universities, it is not hard to appreciate the importance of the sector.

As Chamber of Commerce head Hasan Ince says, with student intake down by 50 per cent, a decline means a knock-on effect though other economic sectors.

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