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How An Israeli High Tech Firm Helped Bailout Cyprus From Financial Ruin


Science & Tech  (tags: Cyprus, Israeli technology, aerial photography, GIS )

David
- 613 days ago - timesofisrael.com
By taking high-res photos from above, Ofek Aerial helped government assess real estate taxes owed, raising funds needed to repay loans. Ofek is one of the worlds biggest firms in aerial photography and GIS (geospatial information systems).



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Comments

Maggie D (69)
Sunday April 10, 2016, 8:06 pm
The technology is amazing but the thought of a Big Brother in the sky is scary. Thanks, David.
 

Patricia Martinez (63)
Monday April 11, 2016, 9:16 am


What's interesting is that the poor economies of places like Greece and Spain have long been blamed on massive tax evasion. Too many people in each country thought that "it's only me, what problem could it cause?"

Well it caused massive problems and needs for bailouts, as well as loss of quality of life, shaky economies, and potentially, rioting, political instability, and even a failed state, with millions of people streaming out looking for better circumstances in other countries

As they say, "an ounce of prevention is worth a pound of cure", and better to assess real estate taxes and have the country survive that a potentially failed state that will add to the woes of an already dangerous and going-out-of-control world.

Thank you, David.

 

Stardust Noel (38)
Monday April 11, 2016, 10:41 am
Another great deed.
 

Dawnie W (250)
Wednesday April 13, 2016, 12:30 am
Interesting and informative information. Thank you David.
💕 ✰♥ღ♥Ƹ̵̡Ӝ̵̨̄Ʒ💕♥Love, Hugs and Peace go with you♥💕Ƹ̵̡Ӝ̵̨̄Ʒ ♥ღ♥✰ 💕
 

Animae C (512)
Sunday April 17, 2016, 6:45 pm
Thanx David
 

Rebecca M (54)
Sunday May 1, 2016, 7:43 am
Thank you, David!
 
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