Cyprus-Forum.com

[Jerry]

To what extent wil the economy of Cyprus be affected by the election of a communist president, and bearing in mind the 21% fall in tourist arrivals in January, what will happen to property prices and the tourist industry?

[DT.]

To what extent wil the economy of Cyprus be affected by the election of a communist president, and bearing in mind the 21% fall in tourist arrivals in January, what will happen to property prices and the tourist industry?

2 things might happen

1) Christofias announces higher minimum wage, stronger unions and other social welfare reforms that he's announced he would follow. This will lead to a higher taxation on corporations which will lead to temporary higher income for the govt, foreign coporations leaving for different jurisidctions, higher unemployment, higher unemployment benefit etc etc...property prices will dip as less foreign nationals will move here.
Or
2) He might do nothing.

[Oracle]

To what extent wil the economy of Cyprus be affected by the election of a communist president, and bearing in mind the 21% fall in tourist arrivals in January, what will happen to property prices and the tourist industry?

2 things might happen

1) Christofias announces higher minimum wage, stronger unions and other social welfare reforms that he's announced he would follow. This will lead to a higher taxation on corporations which will lead to temporary higher income for the govt, foreign coporations leaving for different jurisidctions, higher unemployment, higher unemployment benefit etc etc...property prices will dip as less foreign nationals will move here.
Or
2) He might do nothing.

Geee DT.

[miltiades]

To what extent wil the economy of Cyprus be affected by the election of a communist president, and bearing in mind the 21% fall in tourist arrivals in January, what will happen to property prices and the tourist industry?

2 things might happen

1) Christofias announces higher minimum wage, stronger unions and other social welfare reforms that he's announced he would follow. This will lead to a higher taxation on corporations which will lead to temporary higher income for the govt, foreign coporations leaving for different jurisidctions, higher unemployment, higher unemployment benefit etc etc...property prices will dip as less foreign nationals will move here.
Or
2) He might do nothing.

We will have to wait and see , I'm not optimistic but I hope I'M WRONG.
Traditionally corporations do not invest in nations that are unfriendly towards capitalist ideals.

[Stout]

"From each according to his abilities, To each according to his needs".........Christofias.........2008........

[Oracle]

"From each according to his abilities, To each according to his needs".........Christofias.........2008........

Plagiarist

[Piratis]

Christofias goverment, apart from the president, is no different than the one we had during the last 5 years.

During the last 5 years AKEL was again the biggest party of the same coalition that is in goverment today, and the financial policies where agreed by all parties of the goverment, the same now. AKELs only disagreement with Papadopoulos was that it wanted the goverment to give some more pensions and some more support to the lower classes. Nothing major.

AKEL is the biggest and oldest party in Cyprus. While I disagree with some of their positions there is no doubt that they are pragmatists and they want the good of Cyprus. They know very well where the economy of Cyprus is based and they are not going to make any mistakes.

[DT.]

Christofias goverment, apart from the president, is no different than the one we had during the last 5 years.

During the last 5 years AKEL was again the biggest party of the same coalition that is in goverment today, and the financial policies where agreed by all parties of the goverment, the same now. AKELs only disagreement with Papadopoulos was that it wanted the goverment to give some more pensions and some more support to the lower classes. Nothing major.

AKEL is the biggest and oldest party in Cyprus. While I disagree with some of their positions there is no doubt that they are pragmatists and they want the good of Cyprus. They know very well where the economy of Cyprus is based and they are not going to make any mistakes.

It seems that the finance mnister will be Charilaos Stavrakis. An old money Nicosian used to be No2 in Bank of Cyprus and chairman of nationalised ELectricity Authority.

I'm hopeful.

[Stout]

"From each according to his abilities, To each according to his needs".........Christofias.........2008........

Plagiarist

Your attitude has been noted comrade !.

[Oracle]

"From each according to his abilities, To each according to his needs".........Christofias.........2008........

Plagiarist

Your attitude has been noted comrade !.

Oh no ... you'll be coming for me in the middle of the night ....