17/05/2004 08:25
The major issues in today’s financial press are the government’s intention to increase the VAT by 3%, the government’s measures to reduce fiscal deficit and the impacts on the property prices from the increase in construction materials.
The “Economy” inset of newspaper “Phileleftheros” reports that the CSE gains drop to 0.5% in relation to the closing prices of December 2003. On the other hand, FTSE follows an upward trend due to the increase in the price of the banking stocks by 10%. Elsewhere the inset refers to OEB’s reaction on the government’s plan to assign the tax collection to companies.
The “Economy” inset of newspaper “Politis” refers to the dispatch of letters that inform their addressees that have “won” a lottery draw in European states. The letters urge their addressees to reveal their personal data. Elsewhere the newspaper highlights that Cyprus did not submit its conversion program within the deadline. Cyprus has been granted an extension until the end of the month, however, the European Commission recommended that it should be briefed on the measures for the fiscal deficit.
The newspaper “Simerini” deals with the possibility of increasing the VAT by 3%. The government is considering reexamining the services offered by the Public Works Department and the Water Supply Council, increasing the retirement limit and abolishing the state benefits in most sectors and restriction of expenses in the ministries. Elsewhere the newspaper refers to the impacts on the property prices from the increase in the price of cement and oil.
The “Economy” inset of newspaper “Phileleftheros” reports that the CSE gains drop to 0.5% in relation to the closing prices of December 2003. On the other hand, FTSE follows an upward trend due to the increase in the price of the banking stocks by 10%. Elsewhere the inset refers to OEB’s reaction on the government’s plan to assign the tax collection to companies.
The “Economy” inset of newspaper “Politis” refers to the dispatch of letters that inform their addressees that have “won” a lottery draw in European states. The letters urge their addressees to reveal their personal data. Elsewhere the newspaper highlights that Cyprus did not submit its conversion program within the deadline. Cyprus has been granted an extension until the end of the month, however, the European Commission recommended that it should be briefed on the measures for the fiscal deficit.
The newspaper “Simerini” deals with the possibility of increasing the VAT by 3%. The government is considering reexamining the services offered by the Public Works Department and the Water Supply Council, increasing the retirement limit and abolishing the state benefits in most sectors and restriction of expenses in the ministries. Elsewhere the newspaper refers to the impacts on the property prices from the increase in the price of cement and oil.
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