As the Easternmost member of the EU-The Rep of Cyprus. The only one recognized by anyone else except Turkey (as far as I know) is likely to demand operations under EASA/JAA:
http://easa.europa.eu/rulemaking/doc...col_Cyprus.pdf
Although many states are pretty much working under Nat'l Authority rules at the moment due to deficiencies in EASA-Money,Staff and lack of sensible ideas. Anythings possible I guess!