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Black money damaging TRNC economy

Black money damaging TRNC economy

May 11
11:53 2017

Black money is hurting the TRNC economy, Birikim Ozgur, deputy with the Republican Turkish Party (CTP) and former economy minister has said.

He also called on the government to take measures to combat this problem, saying that the steps taken so far, are not sufficient.

Ozgur went on to say that Turkey is also concerned about money laundering in the TRNC and that some Turkish firms go the TRNC for tax purposes and set up companies in North Cyprus.