Turkish Cyprus’ governing National Unity Party (UBP) won early parliamentary elections on Sunday, increasing its share of the vote to 39.5 percent, according to preliminary results. The main opposition Republican Turkish Party (CTP) received a 32 percent share.
The right-wing UBP, which has close political ties to the government of Turkish President secured 24 out of 50 seats in parliament and is expected to form a new government with its current junior coalition partner, the right-wing Democratic Party (DP).
Voter turnout at the election slid to a record low of 57.6 percent, according to figures announced by Narin Şefik, head of the High Election Board (YSK) of the Turkish Republic of Northern Cyprus (TRNC). In the 2018 parliamentary elections, 66.1 percent of the electorate cast votes.
The first task of the new government will be to address the TRNC’s economic troubles, Faiz Sucuoğlu, the prime minister and leader of the UBP, said in a statement following the announcement of the preliminary results.
The TRNC, which only Turkey recognises as a legitimate state, held the early parliamentary elections after the government lost its legislative majority in October and resigned. The elections were due to be held in 2023. The nationalist UBP was led by TRNC President Ersin Tatar before he won presidential elections in October 2020.
Tatar and the UBP, backed by Turkey, are advocating a two-state solution to the Cyprus problem, rather than reunification with the Greek Cypriot-controlled Republic of Cyprus based on a U.N. and European Union-advocated federal model.
Turkish Cyprus’ governing National Unity Party (UBP) won early parliamentary elections on Sunday, increasing its share of the vote to 39.5 percent, according to preliminary results. The main opposition Republican Turkish Party (CTP) received a 32 percent share.
ahvalnews.com
The breakaway territory’s economy relies heavily on mainland Turkey, where a financial storm has erupted after its central bank cut interest rates to 14 percent from 19 percent between September and December despite a jump in inflation to 36.1 percent. The lira, which is also the currency of the TRNC, has slumped to successive record lows, losing 44 percent of its value last year.