Thursday, January 03, 2013

Bank closure, Tax rise and a Petrol station strike

Well not a great start to the New year here in Cyprus, first of all we have heard that one of our local banks  in the village is due to close in 2 weeks time, so we have been down to another bank today to open new account.

Value added tax in Cyprus has risen to 18% and Petrol (Gas) has risen today by 7 cents per litre, but that won't affect us because from tomorrow we have just been informed that an Island wide strike has been caledl for all Petrol (gas) stations, so they will be shut until further notice.

We are told that the reason is that operators have demanded a freeze on new licences until parliament passes new legislation to regulate the market.

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