Cyprus has signed contracts for weapons orders to bolster its defences at a time of heightened tensions with Turkey over maritime gas deposits, its defense ministry confirmed Friday. “Contracts were signed related to upgrading specific weapons systems at an estimated cost of 240 million” euros, the ministry said in a statement. “Given the sensitivity of […]

A Turkish military drone was delivered to northern Cyprus on Monday amid growing tensions over Turkey’s deal with Libya that extended its claims to the gas-rich eastern Mediterranean. The Bayraktar TB2 drone landed in Gecitkale Airport in Famagusta around 0700 GMT, an AFP correspondent said, after the breakaway northern Cyprus government approved the use of […]

DefenceTalkA Cyprus reunification deal would generate a 20-billion-euro ($27.2 billion) peace dividend for the recession-hit island, according to a study released Thursday. The study predicts an elusive UN-brokered peace deal would raise per capita incomes by approximately 12,000 euros, expand the size of the economy by around 20 billion euros and add an average 2.8 […]https://www.defencetalk.com/cyprus-settlement-worth-20-billion-euros-59727/