How the trading of number plates has increased in Cyprus

The state funds of Cyprus have enlarged by €1.3 million since 2009 from income generated by the online trading of number plates proclaimed Cyprus’ Department of Road Transport. That’s over £1 million a year raised just from personalised number plates alone, which is really quite big news for such a small island such as Cyprus.

The Department has stated that the most desired set of character combinations are still ‘001’ as it has been for many years. One of these sought after number plates was sold for €4,180, which is more that the happy winner of the auction actually paid for the vehicle itself.

Other popular choices include the numbers ‘777’ and lately the numbers of ‘008’, ‘088’ and ‘888’ which are aggressively sought out by residents of former soviet republics and North Asian states where the number eight is well thought of as either very luck or has a symbolic significance in their respective mythology or religion.

It’s also been widely made known that some footballers have a shelled out huge wads of cash to get a hold of the number that they have on their respective football shirts.

In more recent news, the general public will now also be able to place bids for the numbers ‘13’, ’69’ and ‘666’ which up until recently had not been made available and were considered previously vulgar in tone. Lastly, it’s also predicted that the auctioning of distinct number plates with specific number and letter combinations will generate an abundance of interest, the terms of which having recently been submitted to the house of commons.

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