Bank boss removed from role
The TRNC Central Bank boss has been removed from his position amid claims he stood against a cap on interest rates. The exit of finance chief Ahmet Tugay came without warning and interest rate victim groups claimed he left as a result of “his failure to regulate banks and [his hampering of] efforts by the government to introduce a cap on interest rates.”
Jobs pledge for axed CTA staff
Workers at collapsed CTA will be given new jobs , Prime Minister Irsen Küçük has pledged. Thursdays announcement comes after more than 400 days of unemployment for some and months of protests by union bosses.
Electricity price hike for home connection
The price of connecting a new home has risen from 292tl to 469tl while the cost of reconnection after being cut off has jumped from 57tl to 89tl. Turkish Cypriot Consumer Association head Hasan Yilmaz Işik said “We will be delivering a black wreath of protest to Kib-Tek headquarters tomorrow at noon. Words fail me. Small retailers are at their lowest point, new businesses and young couples need all the help they can get and the poor as usual, pay the price.” New shops and small businesses must now pay 674tl as against the old fee of 460tl.
Cost will destroy us
Electricity hikes will destroy the economy of the TRNC and its hotel sector which is only just seeing an improvement in its occupancy rate, according to the Turkish Cypriot Hoteliers Association.
Recent Comments