The major issues that dominate today's financial press are the state budget for 2003, the progress of the Greek Public Power Corporation and Cyprus Electricity Authority, as well as CSE's yesterday session.
The "Economy" inset of newspaper "Phileleftheros" under the title "Anticipated acceleration 4.3%" refers to the issue of State Budget for 2003, which will be brought into Parliament next week. The Ministry of Finance noted that if international politics continue to 'smooth out' and the attack in Iraq is avoided, then employment will remain at the same levels, while growth rate of
the economy will reach 4.3%. Unemployment is expected to reach 3.2%, the rate
of inflation 4.1% and structural inflation 2%. In addition, according to international organizations' expectations, Cyprus external environment in 2003 will be more favorable compared to 2002.
Elsewhere, the newspaper under the title "Bank of Cyprus at the lead of CSE's slump" refers to yesterday's session and the situation in Cyprus Stock Exchange.
The "Economy" inset of newspaper "Simerini" under the title "CEA follows PPC" mentions that Cyprus Electricity Authority seeks for a similar progress as the Greek Public Power Corporation. The report refers to the president of CPP Board of Directors, Demetris Papoulias, who visited Cyprus and described his experiences on several issues. In turn, the president of CEA, Georgos
Georgiades, praised CPP and its rapid progress within the years, stressing that it is a profitable organization and CEA can learn a lot from it.
However, Demetris Papoulias stated that conditions in Greece are different compared to Cyprus and the progress of an organization depends on these conditions.
The "Economic" inset of newspaper "Alithia" refers to CSE's yesterday session. The inset under the title "CSE: Bank securities sold out, 4 1/2 year low" highlights that the Bank of Cyprus loosed 6 cents in a day, the Popular Bank closed at CYP 1.02, while the Hellenic Bank at 0.68 cents. Stockbrokers have stated that the situation in CSE is related to: 1) the world-wide Stock Exchange crisis, the fall of Athens Stock Exchange and the international economic crisis that affects tourism, 2) the Cyprus issue which is still in abeyance, and 3) CSE's problems within the last two years.
Elsewhere, the newspaper quotes that Parliament will not approve the budgets of Semi-state Organizations, unless they are submitted on time to the legislative body.
The "Economy" inset of newspaper "Phileleftheros" under the title "Anticipated acceleration 4.3%" refers to the issue of State Budget for 2003, which will be brought into Parliament next week. The Ministry of Finance noted that if international politics continue to 'smooth out' and the attack in Iraq is avoided, then employment will remain at the same levels, while growth rate of
the economy will reach 4.3%. Unemployment is expected to reach 3.2%, the rate
of inflation 4.1% and structural inflation 2%. In addition, according to international organizations' expectations, Cyprus external environment in 2003 will be more favorable compared to 2002.
Elsewhere, the newspaper under the title "Bank of Cyprus at the lead of CSE's slump" refers to yesterday's session and the situation in Cyprus Stock Exchange.
The "Economy" inset of newspaper "Simerini" under the title "CEA follows PPC" mentions that Cyprus Electricity Authority seeks for a similar progress as the Greek Public Power Corporation. The report refers to the president of CPP Board of Directors, Demetris Papoulias, who visited Cyprus and described his experiences on several issues. In turn, the president of CEA, Georgos
Georgiades, praised CPP and its rapid progress within the years, stressing that it is a profitable organization and CEA can learn a lot from it.
However, Demetris Papoulias stated that conditions in Greece are different compared to Cyprus and the progress of an organization depends on these conditions.
The "Economic" inset of newspaper "Alithia" refers to CSE's yesterday session. The inset under the title "CSE: Bank securities sold out, 4 1/2 year low" highlights that the Bank of Cyprus loosed 6 cents in a day, the Popular Bank closed at CYP 1.02, while the Hellenic Bank at 0.68 cents. Stockbrokers have stated that the situation in CSE is related to: 1) the world-wide Stock Exchange crisis, the fall of Athens Stock Exchange and the international economic crisis that affects tourism, 2) the Cyprus issue which is still in abeyance, and 3) CSE's problems within the last two years.
Elsewhere, the newspaper quotes that Parliament will not approve the budgets of Semi-state Organizations, unless they are submitted on time to the legislative body.
3287.99
1275.09
