Εφόσον ο δημόσιος τομέας υπάρχει για να εξυπηρετεί τις ανάγκες των πολιτών και η Κύπρος είναι χωρά βασισμένη σε υπηρεσίες και τουρισμό, πιο λογικό θα ήταν το ωράριο του δημόσιου τομέα να είναι εναρμονισμένο με το ωράριο του ιδιωτικού τομέα.
Undoubtedly CYTA is one of Cyprus crown jewels. An organization with a stronghold in telecommunications with a valuation in the billions, it would certainly be a prime target for acquisition. According to this FT.com article dated August 2005 “Three years ago, it was valued at about C£2bn.” That was the valuation of the organization some 10 years ago and most likely that valuation has appreciated over time.
The Troika has landed in Cyprus but we are somewhere else. Discussions are starting to discuss the juicy parts but our side does not seem to grasp or want to grasp the gravity of the situation. Some situations are too obvious not to comprehend and that is what happening with our government including the other political parties. Are we in denial? Apparently so.
Just like every summer, job activity crawls to a standstill and relaxing is in order. Nicosia resembles a town form the past with few cars strolling that almost makes you feel privileged to drive in the empty roads. There is barely a breeze in the air that makes you immune to the calling of “winds of change”. Nothing at all that would signal what changes are about to happen.
There is a need to enable the banks to help the Cyprus economy by making loans to businesses and people. Banks basically grease the wheels of the economy: No loans means that there is not much movement in the economy. This is the first goal.
The second goal is to make loans more affordable. Simply put, interest rates need to be lowered in order to entice businesses to take on loans. Even if banks have available cash, but interest rates are high, then there will little demand for loans.
Currently, income up to €19,500 is not taxable. An employee with a gross monthly income of €1,500 does not pay any direct income taxes. This level of non-taxable income may considered extremely high by Troika especially when compared with other countries. In Greece, taxable income is considered anything above €5,000.