The issue that dominates today’s financial press is the report that concerns the financial liabilities of the listed companies against banks. It is noted that companies’ restricted capitalization compared to their financial liabilities worries banks that have granted loans to the companies.
The “Economy” inset of newspaper “Phileleftheros” under the title “Overcharging for listed companies” mentions that listed companies indicate negative ratio as far as their market value, shareholders’ interest and total borrowing are concerned. The report is based on the views of the economist Marios Mavrides, who supports that companies’ restricted capitalization compared to their financial liabilities worries banks that have granted loans to companies and businesses in the past and their paying off is now fairly problematic.
The newspaper adds that the sectors that indicate poor ratios: market value-bank liabilities-shareholders’ interest – are the trading and financial services sectors, which seem to be over-borrowed, while analysts believe that the developments in other fundamental indices of the sector are problematic.
Elsewhere, the inset highlights that investors do not exercise their warrants and it seems that “not only they turn their back on shares but also on warrants”.
The “Economy-Stock Exchange” inset of newspaper “Simerini” refers to the protest organized yesterday by the Pancyprian Association of Securities Investors (PASEHA). Under the title “CSE reforms” – and the theorem that PASEHA represents all investors that lost in CSE between 1999-2000 – the report contains investors’ view that Takis Klerides is responsible for the situation of the Cyprus Stock Exchange today. The newspaper also mentions that the protest took place outside the Ministry of Finance and PASEHA’ representatives had talks with the Minister, while protestors demanded the resignation of Mr. Klerides.
However, “Phileleftheros” under the title “PASEHA’s protest: rich in requests but poor in attendance” highlights that the event was attended by 40-50 people only. On the other hand, newspaper “Alithia” does not refer to the specific issue.
Elsewhere, the “Economy-Stock Exchange” inset of newspaper “Simerini” reports that Cyprus is second – among other candidate countries – to join EU with reference to sea transports – except cruises.
The “Economic” inset of newspaper “Alithia” under the title “Pavlos Savvides has nothing to do with Drake’s investigations” contains the statements of the Minister of Finance: “if Pavlos Savvides was indeed involved in this issue, the Prosecutor and the police would inform the government”. The report clearly mentions that Takis Klerides supports the CSE president, as he believes that the investigation against Drake is not related to him.
Elsewhere, the newspaper reports that Russian visitors in Cyprus will obtain visas through computers.
The “Economy” inset of newspaper “Phileleftheros” under the title “Overcharging for listed companies” mentions that listed companies indicate negative ratio as far as their market value, shareholders’ interest and total borrowing are concerned. The report is based on the views of the economist Marios Mavrides, who supports that companies’ restricted capitalization compared to their financial liabilities worries banks that have granted loans to companies and businesses in the past and their paying off is now fairly problematic.
The newspaper adds that the sectors that indicate poor ratios: market value-bank liabilities-shareholders’ interest – are the trading and financial services sectors, which seem to be over-borrowed, while analysts believe that the developments in other fundamental indices of the sector are problematic.
Elsewhere, the inset highlights that investors do not exercise their warrants and it seems that “not only they turn their back on shares but also on warrants”.
The “Economy-Stock Exchange” inset of newspaper “Simerini” refers to the protest organized yesterday by the Pancyprian Association of Securities Investors (PASEHA). Under the title “CSE reforms” – and the theorem that PASEHA represents all investors that lost in CSE between 1999-2000 – the report contains investors’ view that Takis Klerides is responsible for the situation of the Cyprus Stock Exchange today. The newspaper also mentions that the protest took place outside the Ministry of Finance and PASEHA’ representatives had talks with the Minister, while protestors demanded the resignation of Mr. Klerides.
However, “Phileleftheros” under the title “PASEHA’s protest: rich in requests but poor in attendance” highlights that the event was attended by 40-50 people only. On the other hand, newspaper “Alithia” does not refer to the specific issue.
Elsewhere, the “Economy-Stock Exchange” inset of newspaper “Simerini” reports that Cyprus is second – among other candidate countries – to join EU with reference to sea transports – except cruises.
The “Economic” inset of newspaper “Alithia” under the title “Pavlos Savvides has nothing to do with Drake’s investigations” contains the statements of the Minister of Finance: “if Pavlos Savvides was indeed involved in this issue, the Prosecutor and the police would inform the government”. The report clearly mentions that Takis Klerides supports the CSE president, as he believes that the investigation against Drake is not related to him.
Elsewhere, the newspaper reports that Russian visitors in Cyprus will obtain visas through computers.
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