The major issues that dominate today’s financial press are the ‘men of straw’ and tax evasion – individuals who were used by all those entangled in the CSE scandal of 1999 in order to cover their identity, obtaining large sums of money, as well as Central Bank’s intention to maintain interest rates at the same levels. Specifically:
The “Economy” inset of newspaper “Simerini” under the title “Tax evasion by ‘men of straw’” mentions that the Investigation Committee has discovered shattering evidence. Specifically, the newspaper highlights that the ‘men of straw’ became shareholders of several listed companies, without hesitating to use names of people who passed away. In addition, the report refers to the file submitted to the Public Prosecutor, which contains evidence and presents the names of persons entangled in this case.
The “Economy” inset of newspaper “Phileleftheros” under the title “No changes in interest rate policy” points out that the Central Bank will maintain short-term interest rates at the same levels, as inflationary pressures have become more intense and the European Central Bank will not proceed to changes of its monetary policy. The report also deals with the statement of the Governor of the Central Bank, Christodoulos Christodoulou that “the Central Bank will be particularly careful, as during the first 9 months of the year the rate of inflation has accelerated to 2.8% and the deficit of the balance of current accounts has remained large”.
The newspaper “Alithia” mentions that the Parliamentary Committee of Commerce is expected to decide over the price decline in heating oil.
The newspaper also refers to Paphos’ Savings Department and the delays of the Department’s General Meeting for the year 2000 on grounds of expediency.
The “Economy” inset of newspaper “Simerini” under the title “Tax evasion by ‘men of straw’” mentions that the Investigation Committee has discovered shattering evidence. Specifically, the newspaper highlights that the ‘men of straw’ became shareholders of several listed companies, without hesitating to use names of people who passed away. In addition, the report refers to the file submitted to the Public Prosecutor, which contains evidence and presents the names of persons entangled in this case.
The “Economy” inset of newspaper “Phileleftheros” under the title “No changes in interest rate policy” points out that the Central Bank will maintain short-term interest rates at the same levels, as inflationary pressures have become more intense and the European Central Bank will not proceed to changes of its monetary policy. The report also deals with the statement of the Governor of the Central Bank, Christodoulos Christodoulou that “the Central Bank will be particularly careful, as during the first 9 months of the year the rate of inflation has accelerated to 2.8% and the deficit of the balance of current accounts has remained large”.
The newspaper “Alithia” mentions that the Parliamentary Committee of Commerce is expected to decide over the price decline in heating oil.
The newspaper also refers to Paphos’ Savings Department and the delays of the Department’s General Meeting for the year 2000 on grounds of expediency.
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1275.09
