A Multi-million-dollar undersea pipeline designed to bring water to North Cyprus from Turkey could be up and running by 2012 As there has been a period of water shortage, President Demetris Christofias, the internationally-recognised Greek Cypriot leader, is presently trying to supply the southern part of the divided island through tankers bringing water from Greece

After months of negotiation, the Russian parliament (Duma) has voted to approve a double taxation treaty with Cyprus, making it easier for Russian citizens to buy property in the country The new treaty replaces the one signed between the two countries in 1998

An agreement has been reached with the Greek Cypriot government to allow Turkish Cypriot rental cars across the boarde, marking a small but significant step in the improvement of relationships between the districts’ respective governments The Turkish Cypriot Chamber of Commerce said the South Nicosia Government had said there would no longer be any obstacles or problems stopping rental cars from the North crossing the border

Efforts to solve the Cyprus issue are being evaluated in different ways in Turkey While the Turkish Government supports the Turkish Government supports the Turkish Cypriot President Talat’s efforts, the main opposition party (CHP) has criticized Talat after a long period

Ancient ports are continuing to be a stumbling block for a £12 million marina scheme at Kucukerenkoy The 543-berth, 47-villa Port Cyprium project has already been rejected by the Supreme Monuments Council twice-in 2005 and 2006

Sungur: A Mortgage Bill has been proposed, for approval by the end of this year, in Northern Cyprus The plans are set to boost property market, and some experts suggest that the move will also benefit ex-pats