The Embassy of the SR is located in the capital city of Nicosia and covers economic activities in the territory of the Republic of Cyprus with the exception of the so-called "Occupied territories", on which the so-called Turkish Republic of Northern Cyprus is situated(36.2% of the island´s territory) and over which the legitimate Cypriot government has no effective control.
There is a frozen conflict on the island; in the case of political peace unification, new opportunities will open for the growth of the Cypriot economy, especially in the construction sector. Possibilities are sub-deliveries of specialized technologies (eg plasma drilling) for underground natural gas extraction (first from 2021). This will be provided by global multinational petrochemicals (Total, ENI, Noble Energy). A completely new area of cooperation can be R & D, technology parks, RES, export of SK products to the countries of the region via the Cypriot trade companies (so-called hubs)