Cyprus Country Risk Report - Business Monitor International - Industry Reports

Cyprus Country Risk Report

Cyprus Country Risk Report - Business Monitor International - Industry Reports
Cyprus Country Risk Report
Published Jul 23, 2015
47 pages — Published Jul 23, 2015
Price US$ 1,195.00  |  Buy this Report Now

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Abstract:

Cyprus score of --.- (out of ---) is low for a eurozone country and is largely a victim of the island s division, both geographi- cally and ethnically. As a result, concerns remain over the rights of minorities, while the Cyprus Problem dominates political debate to such an extent that it can be considered a constraint on government policy. ...As a result, there are limited downward risks to long-term political stability. scenarios for political Change Best Case Scenario: This involves a resolution to the Cyprus Problem within the next few years, with all sides agreeing and committing to a settlement, approved by a public referendum that unites the island as a single sovereign state. After a period of adjustment and reorganisation, a new constitution establishes clear political and social rights for the Turkish Cypriot commu- nity, prompting a gradual withdrawal of Turkish soldiers from Northern Cyprus. ...

...Source: BMI dwindled, given increasing signs that Cyprus s once-vaunted offshore gas bonanza may not be as great as once hoped. The biggest stumbling block may be the continued occupation of the North by the Turkish military. ...The next major step will be a multilateral meeting in September at the UN in New York, which will be attended by the two sides as well as the three guarantor countries of Turkey, Greece and the UK. A framework for a deal involving UN/EU supervision of a two-state federation � the framework sought by both Akinci and Anastasiades � would be the best-case scenario, but even an informal agreement among the guarantor countries and the two Cypriot sides to carry on negotiations would bode well. The odds of a deal in the next -- months are higher now than they have been since the last peace process in ----, though the next few months will be the most significant in signalling a true turning point. ...A framework for a deal involving UN/EU supervision of a two-state federation � the framework sought by both Akinci and Anastasiades � would be the best-case scenario, but even an informal agreement among the guarantor countries and the two Cypriot sides to carry on negotiations would bode well. The odds of a deal in the next -- months are higher now than they have been since the last peace process in ----, though the next few months will be the most significant in signalling a true turning point.

...Dependence on multilateral financing and a restructuring of an over-sized offshore financial services sector means that economic growth will remain elusive for years to come. Cyprus is almost entirely dependent on imported fuel and food, leaving local prices and economic activity exposed to swings in international commodity markets. ...Development of offshore hydrocarbon reserves could shift Cyprus balance of payments position and help the economy to return to robust growth. threats The predominance of small family-owned enterprises, low levels of research and development and technology utilisation, a rising cost base and an ageing population suggest that the economy may struggle to cope with the competitiveness challenges posed by globalisation, technological advances and demand shifts over the longer term. Recent efforts to recapitalise the banking sector may not be suf- ficient to stave off capital flight amid weak economic growth and the unprecedented step to impose a haircut on deposits as part of a eurozone financial rescue effort. ...

  
Source:
Document ID
1746-5761
Country
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Cyprus Country Risk Report" Jul 23, 2015. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Cyprus-Country-Risk-Report-2026-1768>
  
APA:
Business Monitor International - Industry Reports. (2015). Cyprus Country Risk Report Jul 23, 2015. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Cyprus-Country-Risk-Report-2026-1768>
  
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