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Home News Cyprus

Occupied: New increase in fuel - Loan for salaries

Xristianam by Xristianam
27/01/2022
in Cyprus
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A new increase is imposed from midnight on fuel in the occupied areas, provoking reactions and comments in the press and in the MKD.

The last increase was imposed on December 15, 2021. Avroupa and Kypris Postasi write that the increases are of the order of 80 kouros (SS: subdivision of TL, 1 TL = 100 kouros) and comes immediately after the end of the "parliamentary elections" after it was banned before the imposition of increases precisely because of the "elections".

Thus, it is reported, the price of 98 octane gasoline reaches 12,69 TL (92 cents), 95 octane 12,45 TL (88 cents) and Euro Diesel 12,03 TL (85 cents).

The decision of the "cabinet" is expected to be published today in the "official newspaper" and will be valid from midnight.

In the meantime, it was announced that the "social security department" proceeded to a new loan of 70 million TL (5 million euros) in order to be able to pay salaries and pensions given by it. It became known that Kapital Bank received a loan of 50 million TL (3,57 million euros) with an interest rate of 22,86% and 20 million TL (1,43 million euros) with an interest rate of 27% from the bank "Near East" ».

It is also a decision of the "cabinet" published in the "official newspaper".

Source: KYPE

Tags: increaseOccupiedFuelWages
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