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Cyprus PIO: Turkish Cypriot Press and Other Media, 00-08-18

Cyprus Press and Information Office: Turkish Cypriot Press Review Directory - Previous Article - Next Article

From: The Republic of Cyprus Press and Information Office Server at <>


No. 157/00 -- 18.8.00


  • [01] Bayram Announces Economic Recovery Measures in occupied Cyprus KIBRIS (18.8.00) reports that the so-called Economy and Finance Minister Mehmet Bayram held a news conference and announced the decisions adopted at the so-called Council of Ministers meeting with the aim of overcoming the existing economic problems and correcting the financial structure. Bayram explained the reason for announcing the decisions on 17/8 rather than the day before as preventing speculation and stockpiling. He first referred to the situation of the four problematic banks and the payments to the bank victims. Pointing out that the banking crisis was discussed in detail during the ``Council of Ministers'' meeting (16.8.00). Bayram remarked that the banks whose activities were stopped were investigated under two categories. Everestbank, Yurtbank, Finansbank and Hurbank, which asked for additional time to improve their financial situation, were given a period of grace until 25 August, Bayram revealed, adding that if the banks fail to come up with a serious plan to improve their financial situation, by then, they will be liquidated. Bayram said that the Kibris Kredi Bankasi and the Endustri Bankasi, which also asked for additional time, were also granted a period of grace until the end of the month to keep the banks afloat. The former partners of the Kibris Endustri Bankasi and its depositors met to sign a protocol to keep the bank afloat and submitted the protocol to the ``government'', Bayram explained and added that if the plan is deemed suitable, it will be implemented. Bayram said that the ``government'' is expecting the other banks to conduct work along the same lines. Bayram stated: The total liability of the six banks stands at 110 trillion Turkish lira. If some of these banks propose their own applicable formulas, the liabilities in the payment percentages will decrease, and we will be able to conclude the payments to the depositors more quickly. He explained that the funding problem has practically been resolved and a new payment plan will be formulated by the end of the month in light of the proposals to be submitted by the banks as well. Some of the economic measures adopted to overcome the economic problems were also anounced during the news conference. Accordingly, the VAT rates and the refund regulations were reviewed and the refund rates were reduced from 5 to 2.5%. Alongside this, however, some goods and services, which were not previously included in the scope of the tax refunds, were included in the refund list, and the tax rates applied to goods and services were raised. Basic consumer goods such as milk and bread will continue to be exempt from taxes and the goods that bore a 2% tax will continue to be taxed at the same rate. Education, health and raw material purchases, which were subject to a 6% tax, will now be taxed 3%. According to the new measures, taxes of 6% will be increased to 9% and 9% to 13%. Goods that were subject to 20 percent tax will remain at the same level. Taxes imposed on fuel, alcoholic drinks, cigarettes and imported cars were increased according to categories, while tax exemptions and customs levies were amended. Accordingly the price of one litre of gasoline was increased by 35.000 TL to 625.000 TL and the price of diesel oil was increased by 25.000 TL to 380.000 TL. Bayram announced that the taxes on alcoholic drinks and cigarettes were also increased with an attempt at maintaining a balance with neighbouring countries. Pointing out that a very low tax will be applied to domestic products, Bayram announced that imported whiskey will cost 150.000 TL more than before and the price of imported cigarettes will be increased by 38.000 TL. The taxes on imported cars were increased by $500 in line with the categories of the cars. Accordingly, the taxes on cars up to 1.600 cc will be increased from $1.000 to $1.500 the taxes on cars of 1.600-2000 cc from $2.500 to $3.000 and the taxes on cars above 2.000 cc were increased to $3.500. The economy ``minister'' declared that changes were also introduced to the customs exemption regulations. He revealed that all these measures will generate an income of 7 trillion TL for the budget at the end of four months. Bayram stated that the real objective of the ``government'' in surmounting the economic problems is to render the so-called Turkish Republic of Northern Cyprus capable of meeting its own current expenditures, and ensure that the financial help from Turkey is channeled to investments.
  • [02] Turkish Cypriot Parties, Chamber of Trade call on ``Government'' to resign Yeni Demokrat (18.8.00) reports on the reactions in occupied Cyprus to the economic decisions adopted by the so-called Council of Ministers. It says that the Democratic Party (DP), the National Resistance Party (UDP) and the Turkish Cypriot Chamber of Trade called on the ``government'' to resign. DP leader Serdar Dnktash said that the economic decisions ``exploded in the face of the citizens''. He charged that the decisions show that the only thing the ``government'' is interested in is to pay the civil servants their salaries. He maintained that the government does not bring any solutions to solve the problems of the bank depositors and leaves it all up to the banks themselves. A statement by UDP Secretary General Guner Goktug was also reported saying that the ``government'' must resign and early general elections held. He charged that the ``government'' only brings price hikes and never solves any of the problems facing the people. Illegal Bayrak Radio reported on a statement by the Turkish Cypriot Chamber of Trade which said that the ``government'' must heed the reaction of the people and resign. The Chamber of trade said that the ``government'' does not fulfill its promises, has caused the collapse of the economy, and forces the people to live in poverty even though they have savings. It said that ``The Eroglu government does not enjoy the trust of the people, the institutions, or Turkey, and it is difficult to understand how it insists on remaining in power.''
  • [03] New Military Commander takes over HALKIN SESI (18.8.00) reports that Brigadier General Ali Nihat Ozeyranli who has been promoted to the rank of major general as of 30 August handed over the ``TRNC'' ``Security Forces'' Command to Brigadier General Galip Mendi during a ceremony yesterday. Addressing the ceremony Rauf Denktash said that Ozeyranli trained his soldiers as if they were his own sons, adding: ``His achievements will make sure that our people do not forget him.'' Denktash said that Ozeyranli was leaving, proud to have fulfilled his duties successfully. ``We are proud of you too'', Denktash said, adding: ``The recent regrettable incidents occurred as a result of the dedicated efforts you exerted with all of us for this country, for the motherland, in order to make sure that the two are not separated and to strengthen their ties.'' He pointed out that the newly appointed Brigadier General Mendi knows the Turkish Cypriots well. Denktash stressed that cooperation and harmony are essential, ``because our cause is one and we will advance it honorably. We have no other choice. There is no going back, there is not going to be a surrender, there is going to be success and we will succeed.'' In a speech, Ozeyranli said that the fighting power of the Security Forces Command is such that it can successfully fulfill any mission. He pointed out that the political struggle regarding the Cyprus question continues and becomes more heated with each passing day. He stressed that the political struggle is more difficult than the military one and that there is no room there for everyday considerations. Galip Mendi said, in turn, that he was honoured to be appointed ``commander of the Security Forces'' and that Ozeyranli's services would guide him in his new post. He said: ``The flag we have been given will be carried even higher, ``adding that the aim is to establish a unit that has high levels of discipline, morale and training. He went on to say that he will fulfill his duties without deviating from Ataturk's path and by remaining loyal to the law. He asserted that as in the past, the Security Forces Command will eliminate all threats to the country's peace and security. He added that ``the glorious land will be defended until the last Turkish soldier'' and stressed that even the most difficult conditions will not prevent them from defending the country and fulfilling their duties. Following the speeches, an Ataturk monument was unveiled by Mr Denktash. There is an Ataturk statue on one side of the monument, and that of a Turkish Cypriot fighter flanked by two lying lions on the other. The base of the monument carries the following caption, a quote from Ataturk: ``Gentlemen, pay attention to Cyprus. That island and its people are very important.''
  • [04] Bulgarian refugees' problems According to KIBRIS (18.8.00) the Bulgarian Refugee Association had yesterday a meeting with the Turkish Cypriot leader Rauf Denktash in order to ask support for their unsolved problems. The Chairman of the Association Kursat Dunki informed Denktash that their problems have been unsolved for a long time now stressing that the major obstacle in their problems is bureaucracy. Dunki said that their demands are the following: - to take the ``TRNC citizenship'' - to be given appropriate land to build their houses - for newborn children to be given passport - to take initiatives so that their Bulgarian passport can be renewed easily - to be given a special permit in order to be able to sell the car that they bring with them. Denktash told then that it is a pity that due to bureaucracy their problems have remained unresolved. He suggested that the problems must be presented before the coordination committee so that decisions can be taken or have the law amended. Denktash also pointed out that his adviser Mustafa Tokay will always keep the doors open for them and that he is going to help them to put their decisions to effect.
  • [05] Chernobyl children received by Denktash According to KIBRIS (18.8.00) within the framework of International Rehabilitation Program, a group of 40 Belarus children with five teachers, arrived in the occupied area on 1st of August as guests of the so-called Foreign Affairs and Defence Ministry and the Turkish Embassy. Yesterday, the Belarus group visited the Turkish Cypriot leader Rauf Denktash. Denktash made a welcoming speech to the children who were affected by the Chernobyl nuclear accident.

    From the Republic of Cyprus Press and Information Office (PIO) Server at

    Cyprus Press and Information Office: Turkish Cypriot Press Review Directory - Previous Article - Next Article
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