North Cyprus News | Online News for North Cyprus

The country is facing financial ruin: Soyer

The country is facing financial ruin: Soyer

August 15
11:46 2017

Former Prime Minister, CTP deputy Ferdi Soyer, has said the government had signed an economic protocol with Turkey but had done nothing to implement the agreement.

He accused the coalition of abusing the good will of Turkish Deputy Prime Minister and former Minister for Cyprus Affairs, Turgrul Turkes.

Turkes was dismissed from the Turkish Cabinet in a reshuffle last month.

The coalition is “50 light years away from the Turkish Cypriot people” and has exploited them, said Soyer.

The former prime minister called for elections as soon as possible, saying the government was in denial about the TRNC’s accumulated internal debt.

He asked how the outside world can take them seriously when the state has 7 trillion TL of debt, the quota of TRNC universities is up by 50% and students from Turkey are no longer applying. The high cost of airline tickets, of mobile and internet communications is also a disincentive to economic growth.

Soyer ask what was happening with the Cooperative Central Bank, which is owed millions of TL in loans, was run by the unqualified. Citizenship was being granted arbitrarily, and there is a credibility gap between the DSI [Turkish state organisation responsible for water] and statements made by the Ministry of Agriculture. With the non-implementation of the economic protocol signed with Turkey [Turkey has withdrawn funding to the TRNC], the country is facing economic disaster, he said.

Kibris Postasi

 

Local Weather

Kyrenia, Cyprus
9°
16°
Mon
15°
Tue
14°
Wed
12°
Thu
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.7845
EUR
EUR
4.6450
GBP
GBP
5.2733

Upcoming Events

  1. Church Services

    January 21
  2. NCCCT Bingo Night

    January 21
  3. Whirling Dervish

    January 22
  4. North Nicosia Walking Tour

    January 22