Cyprus Mail
Cyprus Divided 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

Cheesemakers say they have nothing to hide

Antigoni Pitta

MPs discuss law on femicide

Gina Agapiou

Sonica introduces itself with concerts around the island

Eleni Philippou

Government ups value of grants for photovoltaics, insulation

Anna Savva

Cypriots receive training at first European coding challenge

Gina Agapiou

Alleged members of army exemption ring under police investigation