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President of Cyprus Nicos Anastasiades and Turkish Cypriot leader Derviş Eroğlu Flag of the United Nationshave agreed to work on a new system of power sharing in Cyprus. The island has been partitioned into two separate entities since the Turkish military intervention in 1974.
There are new economic opportunities related in the energy sector, looking at Cyprus. Both leaders, speaking after their first formal meeting since peace negotiations stalled in 2012, said that they would seek to reunite the country in a two-zone federation.
“The leaders expressed their determination to resume structured negotiations. Turkey aspires to find an immediate solution to the Cyprus issue. The conflict is a major hurdle in the country’s accession negotiations with the EU. However, any final agreement must be approved by both Greek and Turkish Cypriots in two separate referendums.
The European Commission has described the joint statement as a “solid foundation” for a resumption of the talks and an eventual deal.

Source: Friends of Europe: News 13/02/2014