Posts Tagged ‘Cyprus’

Cyprus See Increase of Used Car Imports

July 24, 2008

Recently, there has been some increase of import used cars to Cyprus attributed to two things done by the Government. First, access to importing used cars has increased as anybody can import a used car. This increases the overall amount of importers (and customers to exporters).

The second policy that help increase trade was a move by the government to get old cars off the road and replacing them with new, more recent models. Owners of cars that are older than 15 years were offered money to replacing their vehicle with more environmentally friendly cars. People could get between 256 Euro and 1,708 Euro depending on what they were withdrawing from registry or how effiecent a car they were buying.

The Cyprus government find this scheme as a huge sucess for the country and the environment. They are looking forward to possibly continuing the scheme in 2009.

Source – Cyprus Mail