Αψίδα

Centenary of the Cyprus, Co-operative Movement

Dublin Core

Title

Centenary of the Cyprus, Co-operative Movement

Description

Ιn November 1909 the first co-operative society was formed in the now Turkish occupied village of Lefkonico. Gradually new institutions came into being both in the countryside, towns and cities. Their original aim was the protection of family income and the fight against usury.

The Turkish invasion of 1974 had devastating consequences which led to 225 co-operative institutions being displaced or inactivated as well as the loss of all their properties.

Since then the primary responsibility has been the smooth and effective operation of the societies and the development,
improvement, expansion and upgrading of services in the sectors of: Credit & Savings, Consumer needs, Trade in agricultural products, Manufacturing, Insurance and others. The most developed sector of the co-operative movement is that of Credit and Savings. In 2003 this sector had deposits of Cyprus Pounds amounting to 4 billion and loans of 3 billion.

Source

Cyprus Post, Republic of Cyprus
Κυπριακά Ταχυδρομεία, Κυπριακή Δημοκρατία

Publisher

Library of Cyprus University of Technology

Contributor

Designer: Elena Eliadou

Rights

Απαγορεύεται η δημοσίευση ή αναπαραγωγή, ηλεκτρονική ή άλλη χωρίς τη γραπτή συγκατάθεση του δημιουργού.

Relation

www.cypruspost.gov.cy

Format

jpg

Language

en

Type

Identifier

2009CS95

Coverage

35.160417, 33.346556

Files

Citation

Cyprus Post, Republic of Cyprus Κυπριακά Ταχυδρομεία, Κυπριακή Δημοκρατία, “Centenary of the Cyprus, Co-operative Movement ,” Αψίδα, accessed March 29, 2024, https://apsida.cut.ac.cy/items/show/44180.