Keravnos who served as Finance Minister in the government of Tassos Papadopoulos and is a senior member of the centre-left DIKO party is widely credited for bringing state-finances under control.
He says oil prices have been rising for several years now and that is nothing new. Other factors causing price increases are high real estate prices feeding into higher rentals, the professional services (lawyers, doctors, plumbers, electricians and others) continuing to over-charge customers while underestimating their income and as always, the retailers greed in jacking up prices more than warranted.
“Until now they (government of Christofias) have been feeding the public political explanations, but it no effective measure have been taken to curtail the problem.”
Sunday, June 22, 2008
Wednesday, June 11, 2008
Myriad opportunities in Cyprus
Situated in the northeastern part of the Mediterranean sea and 75 km south of Turkey, Cyprus is the third largest island in the Mediterranean and one of the most popular tourist destinations. With alluring beaches and surrounding mountain peaks, vineyards studded with olive trees and ancient ruins that stir the imagination, citrus groves and old stone villages, this country has something to offer to everyone.
The property market in Cyprus is attractive to locals and foreign investors who see it as a stable and low risk investment guaranteed to yield decent returns. The key reason why the property market is so appealing to foreign investors is that it has European systems in place, low taxation and an excellent communication system.
The property market in Cyprus is attractive to locals and foreign investors who see it as a stable and low risk investment guaranteed to yield decent returns. The key reason why the property market is so appealing to foreign investors is that it has European systems in place, low taxation and an excellent communication system.
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