Turkish Republic Of Northern Cyprus

TURKISH REPUBLIC OF NORTHERN CYPRUS (TRNC)ECONOMY• Turkish Republic Of Northern Cyprus(TRNC) had the real growthrate in the period 2000 - 2006 was increased from -0,6% to 13,2%,while for the years 2007 , 2008 and 2009 it was enormouslydecreased to 1,5% ,-3,4% and -5,6% respectively.2◦ The TRNC economy recovered in 2010 and it has a positive growthrate 3,6%.It is estimated that the TRNC economy will grow %4,2 at2011.• At the same time, the effort of reduction of inflation had as result adecrease from the 76,8 % in 2001 in the 2,7% in 2005 and 14,5% in2008. In 2009 inflation rate was %5.7 and %3.27 in 2010, whichwere below the inflation rates in Turkey in those years.