Start A Petition

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

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

- 917 days ago -
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).


We hate spam. We do not sell or share the email addresses you provide.


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 M (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.


Past Member (0)
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 (507)
Sunday April 17, 2016, 6:45 pm
Thanx David

Rebecca M (44)
Sunday May 1, 2016, 7:43 am
Thank you, David!
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story

Loading Noted By...Please Wait


butterfly credits on the news network

  • credits for vetting a newly submitted story
  • credits for vetting any other story
  • credits for leaving a comment
learn more

Most Active Today in Science & Tech

Content and comments expressed here are the opinions of Care2 users and not necessarily that of or its affiliates.

New to Care2? Start Here.