Cyberattacks against industrial control systems (ICS) are on the rise. Roughly one-third of ICS were targeted by malicious activity in the first half of 2021, with hackers often tied to nation-states and organized crime. Electric utilities around the world have been undergoing a transformative...

The labor market of the Turkish Cypriot community (TCc) is characterized by low participation and low employment rates, especially among youth. A series of World Bank reports on the Turkish Cypriot (TC) labor market and higher education sector between 2016 and 2019 found a mismatch between the...

The Turkish lira (TL) has depreciated to an extent not seen since the 2001 crisis, reaching its lowest level in September 2018 (TL 6.37/US 1.00 dollar), losing 66 percent of its value against the US dollar since January 2018. This Regular Economic Report focuses on the likely impact of the...

Following an unprecedented exchange-rate depreciation in 2018 that hammered both the Turkish and the Turkish Cypriot (TC) economies, the previous economic recovery in the TC economy collapsed. The fiscal deficit continued to shrink as the TC administration reduced expenditure due to declining...

This report profiles poverty and assesses the performance of the social assistance (SA) system in the Turkish Cypriot community (TCc). The aim of this report is to provide information and evidence-based analysis to policy-makers on the determinants of poverty in the TCc and on the effectiveness...

The special topic of this edition of the Macroeconomic Monitoring report focuses on the TC administration's 'public' financial support to the agriculture sector. Due to the Turkish lira depreciation, the recent adverse climate conditions, and exacerbated by the COVID-19 crisis, the agriculture...

This activity, which is part of the World Bank's European Commission (EC) - funded multisectoral engagement in the Turkish Cypriot community (TCc), aims to support the efforts to promote women's economic engagement, in particular by identifying constraints and required support for female...

The Turkish Cypriot economy (TCe) has struggled to recover since the onset of the COVID-19 pandemic in early 2020. With a contraction of 16.2 percent in GDP in 2020, when the COVID-19 pandemic first took hold, the TCe experienced the most severe recession in its history, and the most severe...