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Published online by Cambridge University Press: 01 January 2026
The year 2014 was very mixed for Cyprus. In February, peace negotiations between the Greek and Turkish Cypriot sides re-opened, but no breakthrough could be achieved. The economic and social situation of the Republic of Cyprus was dominated by the impact of the economic and financial crisis.Domestic politics were shaped by disagreements about the reforms imposed by the so-called ‘Troika’ after the bail-out/bail-in of Cypriot banks and the state in March 2013. During 2014 there was a slowing down of the recession and the unemployment rate peaked. In the north, political manoeuvres dominated domestic politics prior to the Turkish-Cypriot presidential elections scheduled for April 2015.