by miltiades » Mon Apr 04, 2022 2:16 pm
As Cyprus love affair with Russian multi milli0naires comes to an end, do brace your selves for the economic meltdown that will inevitably come. In 2013 we had the " hair cut" now expect the full treatment. Personally I do not trust Cyprus banks, as they say once bitten twice shy. The first "vucyims" will be real estate developers which will have reputations on the banking system. Signs are allready appearing, the so called " luxury" market had all its eggs in the Russian basket now the basket has developed massive holes.
In less than two weeks I shall have been in Cyprus for 5 years, so pleased that I still bank with a British bank staying away from Cypriot banks apart from a tiny account with one bank who wanted to charge me 1000 euros for the lodgement of Bankers draft drawn by a different branch of the same bank.
I love Cyprus, always have done, I'm extremely happy to be here and to continue for many years. RIALIA is the Viagra for most Cypriots, not for me !!