VOICED : Cypriots struggle under weak

The video discusses the economic challenges faced by Cyprus, highlighting vacant properties, the impact on small businesses, and the struggles of households due to a lack of liquidity in the market. It covers rising unemployment, increased taxes, and the growing poverty rate. Despite these challenges, some businesses have seen growth. The government is seeking a bailout, and the EU has delayed decisions until after elections.

What is one of the main reasons for the economic struggles faced by families in Cyprus?

• High property prices

• Vacant properties and reduced income

• Increased tourism

• Government subsidies

What is a significant challenge faced by businesses in Cyprus according to the second section?

• Inability to obtain funding from banks

• High import taxes

• Lack of skilled labor

• Excessive government regulations

What economic indicator rose to 14.7% at the beginning of 2013?

• Interest rate

• GDP growth rate

• Unemployment rate

• Inflation rate

Despite the economic crisis, what has happened to some businesses in the Old City?

• They have closed down

• They have seen a decrease in sales

• They have seen an increase in sales

• They have relocated

What action has the Cypriot government taken to address the economic recession?

• Implemented austerity measures

• Reduced public sector wages

• Requested a €17.5 billion bailout

• Increased taxes on luxury goods