Embassy of Turkey to the Turkish Republic of Northern Cyprus was established in November 1983, shortly after the TRNC's Declaration of Independence. It is located just across the street from the TRNC Parliament Building. Embassy of Turkey to the Turkish Republic of Northern Cyprus The Embassy of Turkey to the Turkish Republic of Northern Cyprus () is located in the Turkish Sector of Nicosia, just outside the walls of the Old City. It is unique in all of the foreign diplomatic missions located in Nicosia in that it is officially accredited to the Turkish Republic of Northern Cyprus (TRNC), rather than the internationally recognized Republic of Cyprus (what Turkey refers
Economy of Cyprus Shiarly, stated that the European Central Bank, European commission and IMF officials are to carry out an in-depth investigation into Cyprus' economy and banking sector to assess the level of funding it requires. The Ministry of Finance rejected the possibility that Cyprus would be forced to undergo the sweeping austerity measures that have caused turbulence in Greece, but admitted that there would be "some negative repercussion". In November 2012 international lenders negotiating a bailout with the Cypriot government have agreed on a key capital ratio for banks and a system for the sector's supervision. Both commercial banks and cooperatives will