After Invasion and Occupation: Annexation or Two-State Solution Next?

No. Not Israel.

Turkey.

Reported (k/t=IMRA):-

Turkey threatens to annex northern Cyprus

If reunification talks between Greek and Turkish Cypriots fail, official says Ankara will consider annexation...Turkey's European Affairs Minister Egemen Bagis told a Turkish
Cypriot newspaper..."Reunification under a deal that (the two) leaders could reach, creation of two independent states after an agreement between the two leaders if they
are unable to reach a deal for reunification, or annexation of the KKTC (Turkish Republic of Northern Cyprus) to Turkey," Bagis told Kibris during an interview in London.

...Turkey has stationed troops in the north since invading in 1974, after a coup in Cyprus orchestrated by a military junta in Athens.  Northern Cyprus is only recognized only by Ankara and its only air link is with Turkey. It is also excluded from international sport, finance and trade, and it has been heavily subsidized by Ankara.

Well, well.

^