The Cyprus Peace Dividend Revisited A productivity and sectoral approach

We would like to thank the Cyprus center of the peace research institute OSLO (PRIO) for the opportunity to conduct this research, as well as those who financed it: the Ministries of Foreign Affairs of Sweden, Denmark, Finland and Norway. We received extremely useful feedback from the participants at the “Cyprus peace dividend revisited” conference organized by the PRIO Cyprus center in Brussels in March 2014, which we have incorporated into the report. These comprised senior business leaders from both communities, who represent the major sectors and some of the largest companies on the island. Since the conference was conducted under the Chatham house rule, we do not name them here but make a special mention of the person who brought in some of the key participants. We would like to thank the peer reviewers, Ayla Gurel, senior researcher at the PRIO Cyprus center and economists George Markides, Michalis Florentiades, Symeon Matsis and Charis Michail for their excellent feedback. special thanks go to Ayla for her very close reading of the text, concepts and arguments. We are grateful to the Levantine training center of Shipcon Limassol ltd for the opportunity to learn more about how the oil and gas industry approaches issues such as NPV at their “essentials of the oil and Gas industry” course. We also thank carol Bailey, director at near east energy Associates ltd and director at Erpic, and Jeremy Yeomans, management accountant and director of JMY enterprises, for giving valuable advice on calculations relating to natural gas. Thanks are due to Daniel Rhoads and Andreas Georgiou for assisting with the charts and tables and demetris papaconstantinou for early data work. Last but not least, we would like to thank the other two co-authors of the day after series, Praxoula Antoniadou Kyriacou and Ozlem Oguz-Cilsal, for their part in spearheading this kind of quantitative research.