Cyprus Mail
CyprusDivided Island

Turkish Cypriots going through hard times, Akinci says

Turkish Cypriots are going through difficult times and despite the measures to shore up their economy, reforms were needed, Turkish Cypriot leader Mustafa Akinci has said.

Akinci, who was speaking at an event in Nicosia on Wednesday, said austerity measures were introduced but everyone had to assume their responsibility so that the crisis would not only affect the poor.

The Turkish Cypriot leader said reform was needed in the public sector and corruption and money laundering must be stamped out.

The use of the Turkish lira in the north has created serious problems for Turkish Cypriots.

In the last six months, the value of the dollar against the Turkish lira has increased by 31 per cent, the euro by 26 per cent, and sterling by 21 per cent, accompanied by a corresponding rise in the price of nearly all imported goods.

Related Posts

Investment funds put €2.5 bln in Cypriot economy

Kyriacos Nicolaou

Cyprus issues 7,000 work permits to international professionals

Kyriacos Nicolaou

Cyprus Business Now

Kyriacos Nicolaou

European meeting to look at sustainable development

Gina Agapiou

Challenging year ahead for economy

Staff Reporter

Fire in Fasouri has been extinguished (updated)

Nick Theodoulou