This is a great article by Esra Aygin that breaks down how the money flow from the south to the north, the economic situation of Turkish Cypriots and how Turkeys efforts and reaction
Here are some highlights
>Although the official currency in the north is the Turkish lira and people’s salaries are also paid in lira, many expenses like rent and school fees are in foreign currencies, which exacerbates the situation.
> CTP head Tufan Erhürman to say last week, that “we have come to a point where the Turkish Cypriots are watching while the [Greek Cypriots] are shopping.”
> Between January and August this year, 1,883,000 crossings to the north were recorded by Greek Cypriots. During the same period, Greek Cypriots spent almost 30 million euros just with their credit cards.
> Trade across the Green Line, whereby Turkish Cypriots sell certain goods to the Greek Cypriots, has generated a revenue of 8 million euros so far this year, according to Hamit. Boosted by the devaluation of the Turkish lira, sales through Green Line trade are expected to double compared with last year and reach 12 million euros by the end of this year.
The highest in 18 years, according to İzzet Adiloğlu, the deputy secretary-general of the Turkish Cypriot Chamber of Commerce.
> At least half of this cash flow from Greek Cypriots to Turkish Cypriots is through petrol stations.
> Turkish Cypriots who are working on the southern part of the island and living in the north. Although their official number is around three thousand, the real number is believed to be around six thousand. Assuming they earn the minimum wage, this constitutes a contribution of 50 million euros to the Turkish Cypriot economy, says economist Hamit. “This is the invisible services export between the north and the south.”
>For comparison, as of the end of September, the total amount of money as part of the Turkish aid transferred to Turkish Cypriots was around 63.8 million euros.
38.9 million euros were allocated to defence expenses.
21 million euros were allocated to investment projects including the controversial “Külliye” project and the upgrading of the Ercan/Tymbou airport.
Less than 4 million euros were allocated to investments for the real economic sectors.
Waiting for Tatar to tell me how the GCs want to exterminate the TCs by… shopping?
why does the north need currency? there is nothing to buy except straw baskets
It would only take a minimal level of competence for the Turkish North to move ahead of the Greek South. The south is already ruined by corruption and incompetence, massive over development. Now Cypriots are about to destroy the Akamas. Everything is wide open for the North.
Except, they seem even more incompetent than the Greek South. Amazing, really. Such a low bar, and they still can’t beat it.
Fucking idiots.
Shame
CM comment section can cause brain damage. Beware.
8 comments
This is a great article by Esra Aygin that breaks down how the money flow from the south to the north, the economic situation of Turkish Cypriots and how Turkeys efforts and reaction
Here are some highlights
>Although the official currency in the north is the Turkish lira and people’s salaries are also paid in lira, many expenses like rent and school fees are in foreign currencies, which exacerbates the situation.
> CTP head Tufan Erhürman to say last week, that “we have come to a point where the Turkish Cypriots are watching while the [Greek Cypriots] are shopping.”
> Between January and August this year, 1,883,000 crossings to the north were recorded by Greek Cypriots. During the same period, Greek Cypriots spent almost 30 million euros just with their credit cards.
> Trade across the Green Line, whereby Turkish Cypriots sell certain goods to the Greek Cypriots, has generated a revenue of 8 million euros so far this year, according to Hamit. Boosted by the devaluation of the Turkish lira, sales through Green Line trade are expected to double compared with last year and reach 12 million euros by the end of this year.
The highest in 18 years, according to İzzet Adiloğlu, the deputy secretary-general of the Turkish Cypriot Chamber of Commerce.
> At least half of this cash flow from Greek Cypriots to Turkish Cypriots is through petrol stations.
> Turkish Cypriots who are working on the southern part of the island and living in the north. Although their official number is around three thousand, the real number is believed to be around six thousand. Assuming they earn the minimum wage, this constitutes a contribution of 50 million euros to the Turkish Cypriot economy, says economist Hamit. “This is the invisible services export between the north and the south.”
>For comparison, as of the end of September, the total amount of money as part of the Turkish aid transferred to Turkish Cypriots was around 63.8 million euros.
38.9 million euros were allocated to defence expenses.
21 million euros were allocated to investment projects including the controversial “Külliye” project and the upgrading of the Ercan/Tymbou airport.
Less than 4 million euros were allocated to investments for the real economic sectors.
Waiting for Tatar to tell me how the GCs want to exterminate the TCs by… shopping?
why does the north need currency? there is nothing to buy except straw baskets
It would only take a minimal level of competence for the Turkish North to move ahead of the Greek South. The south is already ruined by corruption and incompetence, massive over development. Now Cypriots are about to destroy the Akamas. Everything is wide open for the North.
Except, they seem even more incompetent than the Greek South. Amazing, really. Such a low bar, and they still can’t beat it.
Fucking idiots.
Shame
CM comment section can cause brain damage. Beware.
Lira looks bad