Economy Of Northern Cyprus
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Economy Of Northern Cyprus
The economy of Northern Cyprus is dominated by the services sector (69% of GDP in 2007), which includes the public sector, trade, tourism and education. Industry (light manufacturing) contributes 22% of GDP and agriculture 9%.CIA - The World Factbook - Cyprus
scroll down to section entitled Economy of the area administered by Turkish Cypriots
's economy operates on a free-market basis, with a significant portion of administration costs funded by . Northern Cyprus uses the

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Kyrenia
Kyrenia is a city on the northern coast of Cyprus, noted for its historic harbour and castle. It is under the '' de facto'' control of Northern Cyprus. While there is evidence showing that the wider region of Kyrenia has been populated before, the city was built by the Greeks named Achaeans from the Peloponnese after the Trojan War (1300 BC). According to Greek mythology, Kyrenia was founded by the Achaeans Cepheus and Praxandrus who ended up there after the Trojan War. The heroes gave to the new city the name of their city of Kyrenia located in Achaia, Greece. As the town grew prosperous, the Romans established the foundations of its castle in the 1st century AD. Kyrenia grew in importance after the 9th century due to the safety offered by the castle, and played a pivotal role under the Lusignan rule as the city never capitulated. The castle has been most recently modified by the Venetians in the 15th century, but the city surrendered to the Ottoman Empire in 1571. The city' ...
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Scrap
Scrap consists of recyclable materials, usually metals, left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap can have monetary value, especially recovered metals, and non-metallic materials are also recovered for recycling. Once collected, the materials are sorted into types – typically metal scrap will be crushed, shredded, and sorted using mechanical processes. Metal recycling, especially of structural steel, ships, used manufactured goods, such as vehicles and white goods, is an industrial activity with complex networks of wrecking yards, sorting facilities, and recycling plants. The industry includes both formal organizations and a wide range of informal roles such as waste pickers who help sorting through scrap. Processing Scrap metal originates both in business and residential environments. Typically a "scrapper" will advertise their services to conveniently remove scrap metal ...
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Rakı
Rakı, Türk Rakısı or Turkish Raki (, Turkish pronunciation: ) is an alcoholic beverage made of twice-distilled grape pomace and flavored with aniseed. It is a national drink of Turkey, although fewer than 17% of Turks drink alcohol. Among drinkers, it is popular in Turkic countries and Caucasian countries as an apéritif. It is often served with seafood or meze. It is comparable to several other anise-flavored liqueurs such as pastis, ouzo, sambuca and arak. The alcoholic content of rakı must be at least 40% according to Turkish standard. The largest producer of raki is Diageo; Yeni Rakı is the largest brand. In many East Mediterranean and Balkan countries, the term raki is widely used to describe similar distilled alcoholic beverages. This shared terminology dates back to the Ottoman Empire, where "raki" became a generic term for distilled spirits. During Ottoman rule, the word spread across the empire's territories. In many of these regions, the term raki or ...
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Citrus
''Citrus'' is a genus of flowering trees and shrubs in the family Rutaceae. Plants in the genus produce citrus fruits, including important crops such as oranges, mandarins, lemons, grapefruits, pomelos, and limes. ''Citrus'' is native to South Asia, East Asia, Southeast Asia, Melanesia, and Australia. Indigenous people in these areas have used and domesticated various species since ancient times. Its cultivation first spread into Micronesia and Polynesia through the Austronesian expansion (–1500 BCE). Later, it was spread to the Middle East and the Mediterranean () via the incense trade route, and from Europe to the Americas. Renowned for their highly fragrant aromas and complex flavor, citrus are among the most popular fruits in cultivation. With a propensity to hybridize between species, making their taxonomy complicated, there are numerous varieties encompassing a wide range of appearance and fruit flavors. Evolution Evolutionary history The large cit ...
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LTK Bank Headquarters North Nicosia
LTK may refer to the * LTK Commune *Leukocyte receptor tyrosine kinase, in biochemistry, a member of the receptor tyrosine kinase family of cell surface receptors *Bassel Al-Assad International Airport, the airport of Latakia, Syria (IATA code). *''Licence to Kill'', 1989 ''James Bond'' film * LIKEtoKNOW.it, shopping app which became LTK in 2021 *Little Kimble railway station, England; National Rail station code LTK *Legends of the Three Kingdoms ''Legends of the Three Kingdoms'' (; literally Three Kingdoms Kill), or sometimes Sanguosha, LTK for short, is a Chinese card game based on the Three Kingdoms period of China and the semi-fictional 14th century novel ''Romance of the Three King ...
, a Chinese popular card game based on the Three Kingdoms period of China and the semi-fictional novel Romance of the Three Kingdoms (ROTK). {{disambig ...
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Famagusta 01-2017 Img28 Sea Port
Famagusta, also known by several other names, is a city located on the eastern coast of Cyprus. It is located east of the capital, Nicosia, and possesses the deepest harbour of the island. During the Middle Ages (especially under the maritime republics of Genoa and Venice), Famagusta was the island's most important port city and a gateway to trade with the ports of the Levant, from where the Silk Road merchants carried their goods to Western Europe. Names The city was known as Arsinoe or Arsinoë (, ''Arsinóē'') in antiquity, after Ptolemy II of Egypt's sister and wife Arsinoe II. By the 3rd century, the city appears as Ammochostos ( or , ''Ammókhōstos'', "Hidden in Sand") in the ''Stadiasmus Maris Magni''. This name is still used in modern Greek with the pronunciation , while it developed into Latin , French , Italian , and English during the medieval period. Its informal modern Turkish name Mağusa () came from the same source. On 25 December 1975, the formal name in N ...
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Lemons North Cyprus
The lemon (''Citrus'' × ''limon'') is a species of small evergreen tree in the ''Citrus'' genus of the flowering plant family Rutaceae. A true lemon is a hybrid of the citron and the bitter orange. Its origins are uncertain, but some evidence suggests lemons originated during the 1st millennium BC in what is now northeastern India. Some other citrus fruits are called ''lemon''. The yellow fruit of the lemon tree is used throughout the world, primarily for its juice. The pulp and rind are used in cooking and baking. The juice of the lemon is about 5–6% citric acid, giving it a sour taste. This makes it a key ingredient in drinks and foods such as lemonade and lemon meringue pie. In 2022, world production was 22 million tonnes, led by India with 18% of the total. Description The lemon tree produces a pointed oval yellow fruit. Botanically this is a hesperidium, a modified berry with a tough, leathery rind. The rind is divided into an outer colored layer or zest, wh ...
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Gross National Product
The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident. In contrast to GDP, GNI is not a concept of value added, but a concept of income. GNI is the basis of calculation of the largest part of contributions to the Budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI. GNI contrast with net national income : NNI = GNI - Depreciation The Atlas method can be applied to correct for fluctuating exchange rates. History and name change The ...
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Nicosia Collage
Nicosia, also known as Lefkosia and Lefkoşa, is the capital and largest city of Cyprus. It is the southeasternmost of all EU member states' capital cities. Nicosia has been continuously inhabited for over 5,500 years and has been the capital of Cyprus since the 10th century. It is the last divided capital in Europe; three years after Cyprus London and Zürich Agreements, gained independence from British rule in 1960, the Bloody Christmas (1963), Bloody Christmas conflict between Greek Cypriots and Turkish Cypriots triggered Cypriot_intercommunal_violence#Crisis_of_1963–1964, intercommunal violence, and Nicosia's Greek Cypriot and Turkish Cypriot communities segregated into its south and North Nicosia, north respectively in 1964. A decade later, Turkish invasion of Cyprus, Turkey invaded Cyprus following 1974 Cypriot coup d'état, Greece's successful attempt to Enosis, take over the island. The leaders of the takeover would later step down, but the dividing line running thr ...
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TRNC Ministry Of Finance
Northern Cyprus, officially the Turkish Republic of Northern Cyprus (TRNC), is a ''de facto'' state that comprises the northeastern portion of the Geography of Cyprus, island of Cyprus. It is List of states with limited recognition, recognised only by Turkey, and its territory is considered by all other states to be part of the Cyprus, Republic of Cyprus. Northern Cyprus extends from Cape Apostolos Andreas, the tip of the Karpass Peninsula in the northeast to Morphou Bay, Cape Kormakitis and its westernmost point, the Kokkina exclave in the west. Its southernmost point is the village of Louroujina. A United Nations Buffer Zone in Cyprus, buffer zone under the control of the United Nations stretches between Northern Cyprus and the rest of the island and divides Nicosia, the island's largest city and capital of both sides. A 1974 Cypriot coup d'état, coup d'état in 1974, performed as part of an attempt to annex the island to Greek military junta of 1967–1974, Greece, prompt ...
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Republic Of Cyprus
Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the third largest and third most populous island in the Mediterranean, after Sicily and Sardinia. It is located southeast of Greece, south of Turkey, west of Syria and Lebanon, northwest of Israel and Palestine, and north of Egypt. Its capital and largest city is Nicosia. Cyprus hosts the British military bases Akrotiri and Dhekelia, whilst the northeast portion of the island is '' de facto'' governed by the self-declared Turkish Republic of Northern Cyprus, which is separated from the Republic of Cyprus by the United Nations Buffer Zone. Cyprus was first settled by hunter-gatherers around 13,000 years ago, with farming communities emerging by 8500 BC. The late Bronze Age saw the emergence of Alashiya, an urbanised society closely connected to the w ...
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