08/10/2014 07:28
The major issue in today’s press is the decision of the President of the Republic to suspend his participation in the negotiations for the Cyprus problem, as a first measure of reaction to the ongoing Turkish provocations in the Cypriot EEZ. The meeting of the party leaders yesterday, under the chairmanship of President Anastasiades, ended up with the unanimous decision to suspend talks and to activate diplomacy, mostly in the EU.
Other issues concern the contacts of the bankers for the stress tests in Frankfurt and the publication of the IMF report for the global economy.
The “Economy” inset of newspaper “Phileleftheros” are the contacts of the bankers for the stress tests in Frankfurt. As noted, the first indications of the Cypriot systemic banks, Bank of Cyprus, Hellenic Bank and Cooperaive Central Bank from the European stress tests seem manageable. The executives of Bank of Cyprus and the CCB had yesterday a first estimate for the course of the stress tests.
Elsewhere the newspaper refers to the party reactions to the upcoming changes in the managerial team of Bank of Cyprus.
Other headlines:
-Loans of millions from EIB to large and not small businesses
-Capital security holders want compensations of €280m
-Increase in property sales by 24% in first nine months
-€65m for training of 39.000 persons
The “Economy” inset of newspaper “Politis” refers to the contacts of the bankers in Frankfurt for the final phase of the stress tests. According to the report, the European technocrats met yesterday the heads of the Cooperative Central Bank and Bank of Cyprus, while today they will meet the executives of Hellenic Bank and the Russian RCB. The executives are aware of the preliminary results but uncertainty as to the final assumptions does not allow firm conclusions.
“Politis” also refers to the IMF report on the prospects of the global economy. Specifically, the IMF expects contraction of 3.2% of the Cypriot GDP in 2014, while in 2015 it expects growth by 0.4%. Unemployment will reach 16.6% in 2014 from 18.6% that the MoU forecast was. Unemployment will drop to 16.1% in 2015.
Other headlines:
-Increased registration of new companies
-Dispute for BoD of BOCY
-Growth from 2014 – Greece
-Losses of 0.79% in the CSE
The “Economy” inset of newspaper “Simerini” refers to the statements of DIKO President, Nicolas Papadopoulos that the Board of Bank of Cyprus will continue to include members-customers of the law office of the President of the Republic. According to the report, the Presidential Palace answered through the government spokesman that President Anastasiades has nothing whatsoever to do with his law office from the day of his election.
The newspaper also refers to the House Commerce Committee’s session, which discussed the financing of the banks from the European Investment Bank. As noted, loans of millions of euros seem to have ended up to businesses, which are not considered small-medium.
Other headlines:
-Deliberations of banks with ECB for stress tests started
-New companies registrations go up
-Proposals for capital securities issue in the month
The “Economy” inset of newspaper “Haravgi” refers to the presentation of the activities of the Human Resource Development Authority. In her welcome speech, Labour Minister, Zeta Emilianidou referred to the Ministry’s plans, stressing that so far 1.946 young unemployed of secondary education and post-secondary education and 4.894 unemployed young graduates have found jobs.
“Haravgi” also reports that compensations to the capital security holders will reach €280 million in case of an extra-judicial settlement of the problem.
Other headlines:
-Millions to large businesses – EIB
The “Economy” inset of newspaper “Alithia” refers to the IMF report for the global economy. According to the report, the IMF expects contraction of 3.2% of the Cypriot GDP in 2014, from a revised estimate of 4.2% of the Memorandum. In 2015 it expects growth of the economy by 0.4%. Compared with the unemployment rate, it is expected to rise to 16.6% in 2014 from 18.6% in the provision of the Memorandum while in 2015 it expects that unemployment will fall to 16.1% of the forecast 18.0% of the Memorandum.
Elsewhere the newspaper reports that according to Registrar of Company’s data, the number of applications for the registration of new companies reached 919 in September from 798 in September 2013.
Other headlines:
-Significant contribution of HRDA
-Commerce Committee wants mechanism for direct borrowing – SMEs
-Papadopoulos – Anastasiades dispute
Other issues concern the contacts of the bankers for the stress tests in Frankfurt and the publication of the IMF report for the global economy.
The “Economy” inset of newspaper “Phileleftheros” are the contacts of the bankers for the stress tests in Frankfurt. As noted, the first indications of the Cypriot systemic banks, Bank of Cyprus, Hellenic Bank and Cooperaive Central Bank from the European stress tests seem manageable. The executives of Bank of Cyprus and the CCB had yesterday a first estimate for the course of the stress tests.
Elsewhere the newspaper refers to the party reactions to the upcoming changes in the managerial team of Bank of Cyprus.
Other headlines:
-Loans of millions from EIB to large and not small businesses
-Capital security holders want compensations of €280m
-Increase in property sales by 24% in first nine months
-€65m for training of 39.000 persons
The “Economy” inset of newspaper “Politis” refers to the contacts of the bankers in Frankfurt for the final phase of the stress tests. According to the report, the European technocrats met yesterday the heads of the Cooperative Central Bank and Bank of Cyprus, while today they will meet the executives of Hellenic Bank and the Russian RCB. The executives are aware of the preliminary results but uncertainty as to the final assumptions does not allow firm conclusions.
“Politis” also refers to the IMF report on the prospects of the global economy. Specifically, the IMF expects contraction of 3.2% of the Cypriot GDP in 2014, while in 2015 it expects growth by 0.4%. Unemployment will reach 16.6% in 2014 from 18.6% that the MoU forecast was. Unemployment will drop to 16.1% in 2015.
Other headlines:
-Increased registration of new companies
-Dispute for BoD of BOCY
-Growth from 2014 – Greece
-Losses of 0.79% in the CSE
The “Economy” inset of newspaper “Simerini” refers to the statements of DIKO President, Nicolas Papadopoulos that the Board of Bank of Cyprus will continue to include members-customers of the law office of the President of the Republic. According to the report, the Presidential Palace answered through the government spokesman that President Anastasiades has nothing whatsoever to do with his law office from the day of his election.
The newspaper also refers to the House Commerce Committee’s session, which discussed the financing of the banks from the European Investment Bank. As noted, loans of millions of euros seem to have ended up to businesses, which are not considered small-medium.
Other headlines:
-Deliberations of banks with ECB for stress tests started
-New companies registrations go up
-Proposals for capital securities issue in the month
The “Economy” inset of newspaper “Haravgi” refers to the presentation of the activities of the Human Resource Development Authority. In her welcome speech, Labour Minister, Zeta Emilianidou referred to the Ministry’s plans, stressing that so far 1.946 young unemployed of secondary education and post-secondary education and 4.894 unemployed young graduates have found jobs.
“Haravgi” also reports that compensations to the capital security holders will reach €280 million in case of an extra-judicial settlement of the problem.
Other headlines:
-Millions to large businesses – EIB
The “Economy” inset of newspaper “Alithia” refers to the IMF report for the global economy. According to the report, the IMF expects contraction of 3.2% of the Cypriot GDP in 2014, from a revised estimate of 4.2% of the Memorandum. In 2015 it expects growth of the economy by 0.4%. Compared with the unemployment rate, it is expected to rise to 16.6% in 2014 from 18.6% in the provision of the Memorandum while in 2015 it expects that unemployment will fall to 16.1% of the forecast 18.0% of the Memorandum.
Elsewhere the newspaper reports that according to Registrar of Company’s data, the number of applications for the registration of new companies reached 919 in September from 798 in September 2013.
Other headlines:
-Significant contribution of HRDA
-Commerce Committee wants mechanism for direct borrowing – SMEs
-Papadopoulos – Anastasiades dispute
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