The major issues in today’s financial press are the meeting of the President of the Republic with CB Governor, Athanasios Orphanides at 8.15 am today, the government’s assurances that the 13th salary will not be cut and the submission of a document by the FINMIN for the support of Cyprus Popular Bank.
The newspaper “Phileleftheros” refers to the Finance Minister’s document submitted to the Council of Ministers for the state support of Cyprus Popular Bank. According to it, if the state is forced to support the bank, CPB will be subject to mass dismissals, several branches in Cyprus and abroad will close while salaries will be reduced.
The “Economy” inset of the newspaper refers to the government’s assurances that the 13th salary in the public sector will remain intact.
Other headlines:
- New CB Governor in deep waters
- Hotels in Famagusta and Paphos open with dismissals
- Transparency for those who tax evade
- Paphos is tourists’ favourite
The “Economy” inset of newspaper “Politis” refers to the government’s assurances that the 13th salary will remain intact. Government Spokesman, Stephanos Stephanou stated that the government will not cut the 13th salary, while Finance Minister, Vassos Shiarly reiterated his commitment for deliberations before any measure taking.
“Politis” also refers to the meeting between President Christofias and CB Governor, Athanasios Orphanides today, which will focus on the latter’s replacement.
Other headlines:
- Saxo Bank strengthens its presence
- Greed and stupidity – The main reasons of the crisis according to US FINMIN
- Ambiguities must be covered – PASEXA appeals for ambiguities and weakenesses
- Losses of 2.10% in the CSE
The “Economy” inset of newspaper “Simerini” refers to the meeting between President Christofias and CB Governor at 8.15 am. According to the report, the President will announce to Athanasios Orphanides that he will not be reappointed and he will be replaced, possibly by Panicos Demetriades.
The newspaper also reports that the House Finance Committee decided yesterday to release 17% of the total fund on several benefits in the public sector.
Other headlines:
- We will not touch the 13th salary
- Saxo Bank announced start of activities
- CSE back to losses
The “Economy” inset of newspaper “Haravgi” refers to the government’s assurances that the 13th salary will not be cut. Government Spokesman, Stephanos Stephanou denied allegations that the government is considering cutting the 13th salary within the framework of additional fiscal consolidation measures.
“Haravgi” also highlights that President of the Republic will have a meeting with the CB Governor early today to announce his decision for his replacement. It seems that Mr. Orphanides’ replacement will be the academic, Panicos Demetriades.
Other headlines:
- Release of 17% of benefits in the public sector
- Saxo Bank expanded
- CPB: Promotion of Chinese investments
- Names of the tax evaders must be published
The “Economy” inset of newspaper “Alithia” refers to the opening of a new Saxo Bank branch in Cyprus. Head economist of the bank, Steen Jakobsen said yesterday if Mr. Orphanides is not reappointed as CB Governor is a “bad sign”.
Elsewhere the newspaper reports that Cyprus Popular Bank and China-Europe-Business Zone promote the attraction of Chinese investments.
Other headlines:
- Christofias – Orphanides meeting
- HOTREC in Cyprus is significant
- Fed: Zero base rate
- Fitch: Dutch triple A under pressure
The newspaper “Phileleftheros” refers to the Finance Minister’s document submitted to the Council of Ministers for the state support of Cyprus Popular Bank. According to it, if the state is forced to support the bank, CPB will be subject to mass dismissals, several branches in Cyprus and abroad will close while salaries will be reduced.
The “Economy” inset of the newspaper refers to the government’s assurances that the 13th salary in the public sector will remain intact.
Other headlines:
- New CB Governor in deep waters
- Hotels in Famagusta and Paphos open with dismissals
- Transparency for those who tax evade
- Paphos is tourists’ favourite
The “Economy” inset of newspaper “Politis” refers to the government’s assurances that the 13th salary will remain intact. Government Spokesman, Stephanos Stephanou stated that the government will not cut the 13th salary, while Finance Minister, Vassos Shiarly reiterated his commitment for deliberations before any measure taking.
“Politis” also refers to the meeting between President Christofias and CB Governor, Athanasios Orphanides today, which will focus on the latter’s replacement.
Other headlines:
- Saxo Bank strengthens its presence
- Greed and stupidity – The main reasons of the crisis according to US FINMIN
- Ambiguities must be covered – PASEXA appeals for ambiguities and weakenesses
- Losses of 2.10% in the CSE
The “Economy” inset of newspaper “Simerini” refers to the meeting between President Christofias and CB Governor at 8.15 am. According to the report, the President will announce to Athanasios Orphanides that he will not be reappointed and he will be replaced, possibly by Panicos Demetriades.
The newspaper also reports that the House Finance Committee decided yesterday to release 17% of the total fund on several benefits in the public sector.
Other headlines:
- We will not touch the 13th salary
- Saxo Bank announced start of activities
- CSE back to losses
The “Economy” inset of newspaper “Haravgi” refers to the government’s assurances that the 13th salary will not be cut. Government Spokesman, Stephanos Stephanou denied allegations that the government is considering cutting the 13th salary within the framework of additional fiscal consolidation measures.
“Haravgi” also highlights that President of the Republic will have a meeting with the CB Governor early today to announce his decision for his replacement. It seems that Mr. Orphanides’ replacement will be the academic, Panicos Demetriades.
Other headlines:
- Release of 17% of benefits in the public sector
- Saxo Bank expanded
- CPB: Promotion of Chinese investments
- Names of the tax evaders must be published
The “Economy” inset of newspaper “Alithia” refers to the opening of a new Saxo Bank branch in Cyprus. Head economist of the bank, Steen Jakobsen said yesterday if Mr. Orphanides is not reappointed as CB Governor is a “bad sign”.
Elsewhere the newspaper reports that Cyprus Popular Bank and China-Europe-Business Zone promote the attraction of Chinese investments.
Other headlines:
- Christofias – Orphanides meeting
- HOTREC in Cyprus is significant
- Fed: Zero base rate
- Fitch: Dutch triple A under pressure
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