Major issues of today’s financial press are the reexamination of estimates from the Ministry of Finance as far as macroeconomic sizes are concerned, the views of Social Securities scheme Analogist, as well as the views of Cyprus Electricity Authority Officials Corporation and its attempt to suspend the decision about CEA’s exclusion from mobile telephony.

The “Economy” inset of newspaper “Phileleftheros” under the title “Tourism repeals estimates” mentions that “ the Ministry of Finance seems to reexamine (with a downward tendency) the estimates about macroeconomic sizes”, mostly due to Ministry of Commerce, Industry and Tourism estimates for further decline in tourism on August and 2002.

The report refers to the statements (see Stockwatch) of Mr. Andreas Charalambous, Manager of the Financial Research of the Ministry of Finance. Mr. Charalambous supports that - due to the decline in tourism industry and the delay in international economy recovery - economic slow down is inevitable. Private sector economists appreciate that the developments in tourism industry “obviously contradicts the estimates of the Ministry of Finance for this year’s growth rate 2.5%-3% and confirms the Economist Intelligence Unit estimates for GNP increase by 1.9%.

The “Economy-Stock Exchange” inset of newspaper “Simerini” under the title “Take measures for Social Securities Fund” highlights that the Analogist of the Social Security scheme has asked the government and the social partners to secure long term scheme financing.

The “Economic” inset of newspaper “Alithia” is titled “Attempts to suspend decision about CEA’s exclusion from mobile telephony”. The report refers to Cyprus Electricity Authority Officials Corporation and their attempts to enter CEA into mobile telephony. The Corporation claims that the Telecommunications regulator and the Post Offices are overpowered and calls Parliament to reexamine the aforementioned issue.