16/10/2013 07:00
The major issues in today’s financial press are the interest of large casino managers of Las Vegas to operate in Cyprus, the letter sent yesterday by the CB governor to the President of the Republic asking for a meeting as well as the untouched allowances of the state officials despite the tight budget of 2014.
The newspaper “Phileleftheros” refers to the interest of casino managers of Las Vegas to operate in Cyprus. According to sources, during separate meetings of the Deputy Minister to the President, Constantinos Petrides with large casino managers in the US, investors requested an integrated casino resort otherwise they will not express interest.
The “Economy” inset of the newspaper refers to the letter sent by the CB governor to the President of the Republic asking for a meeting within the framework of the CB-government cooperation and in order to inform the President on issues concerning the banking sector. According to the report, the allocation of billion of ELA to former Cyprus Popular Bank and the governor’s handlings in a series of critical issues deepen the rift in the relations between Panicos Demetriades and President Anastasiades.
Other headlines:
-Deposits in euro area up 3.2%
-House does not give data to anyone without approval
-High bonuses to the bankers
The newspaper “Politis” refers to the untouched benefits of the state officials despite the tight budget 2014. According to the report, the budget bill does not include any measure to reduce the high benefits of the state officials. The hospitality bonuses and the travel and phone benefits to department managers remain untouched.
The “Economy” inset of the newspaper refers to the completion of the first of the 17 mergers of the cooperatives announced by the Cooperative Central Bank yesterday. Specifically, the Nicosia Savings Coop accepted the Cooperative Credit Company of Western Nicosia, the Cooperative Credit Company of Kokkinotrimithia, the Cooperative Credit Company of Kakopetria-Galatas, the Solia Savings Coop, the Marathasa Savings Coop and the Ayia Marina, Kormakitis, Karpasia and Asomatos Savings Coop.
Other headlines:
-Retail trade association satisfied by expanded timetable
-President determined – Proceedings against CB governor to be promoted
-Opportunities for the Cypriots – Initiative of EY Cyprus
-Banks worry for possible default in the US
The “Economy” inset of newspaper “Simerini” refers to the statements of the President of the Republic that the legal proceedings against the CB governor will continue, According to sources, the legal service is working hard to collect data that will contribute to the successful outcome of the President’s appeal to the Supreme Court against the Governor.
The newspaper also refers to the interest of the staff of the Cooperative Central Bank in being employed in the central bank.
Other headlines:
-They talk about a change of auditors – Proposal of the audit committee to the BoD of Bank of Cyprus
The newspaper “Haravgi” refers to the bonus of millions of euros shared out among the high-ranking officials of the Bank of Cyprus and Cyprus Popular Bank. According to the report, the Central Bank report, submitted to the Institutions Committee yesterday, reveals practices followed by the banks in the previous years in the allocation of bonus.
The “Economy” inset of the newspaper refers to the general meeting of PASYDY to inform the employees on the new cutbacks in the state budget 2014. According to the report, the views were divergent as to whether dynamic measures will be taken or not.
Other headlines:
-Government – DISY opposing positions
-They gave to Vatopedi more than €100m
-Increased interest for transfer of staff to CB
The newspaper “Alithia” refers to the deficit of more than €100 million in the CyBC pension fund. Interior Minister, Socrates Hassikos revealed yesterday that the pension fund is in a course of bankruptcy as it has an actuarial benefit of more than €100 million.
The “Economy” inset of the newspaper refers to the statements of the President of the Republic that the legal proceedings against the CB governor will be promoted.
Other headlines:
-BoD of Coop at final stages
-PASYDY wants time for talks on benefit cuts
-Suspension of treading for 3 shares – CSE
-Green light for single supervisory authority of banks – Ecofin
The newspaper “Phileleftheros” refers to the interest of casino managers of Las Vegas to operate in Cyprus. According to sources, during separate meetings of the Deputy Minister to the President, Constantinos Petrides with large casino managers in the US, investors requested an integrated casino resort otherwise they will not express interest.
The “Economy” inset of the newspaper refers to the letter sent by the CB governor to the President of the Republic asking for a meeting within the framework of the CB-government cooperation and in order to inform the President on issues concerning the banking sector. According to the report, the allocation of billion of ELA to former Cyprus Popular Bank and the governor’s handlings in a series of critical issues deepen the rift in the relations between Panicos Demetriades and President Anastasiades.
Other headlines:
-Deposits in euro area up 3.2%
-House does not give data to anyone without approval
-High bonuses to the bankers
The newspaper “Politis” refers to the untouched benefits of the state officials despite the tight budget 2014. According to the report, the budget bill does not include any measure to reduce the high benefits of the state officials. The hospitality bonuses and the travel and phone benefits to department managers remain untouched.
The “Economy” inset of the newspaper refers to the completion of the first of the 17 mergers of the cooperatives announced by the Cooperative Central Bank yesterday. Specifically, the Nicosia Savings Coop accepted the Cooperative Credit Company of Western Nicosia, the Cooperative Credit Company of Kokkinotrimithia, the Cooperative Credit Company of Kakopetria-Galatas, the Solia Savings Coop, the Marathasa Savings Coop and the Ayia Marina, Kormakitis, Karpasia and Asomatos Savings Coop.
Other headlines:
-Retail trade association satisfied by expanded timetable
-President determined – Proceedings against CB governor to be promoted
-Opportunities for the Cypriots – Initiative of EY Cyprus
-Banks worry for possible default in the US
The “Economy” inset of newspaper “Simerini” refers to the statements of the President of the Republic that the legal proceedings against the CB governor will continue, According to sources, the legal service is working hard to collect data that will contribute to the successful outcome of the President’s appeal to the Supreme Court against the Governor.
The newspaper also refers to the interest of the staff of the Cooperative Central Bank in being employed in the central bank.
Other headlines:
-They talk about a change of auditors – Proposal of the audit committee to the BoD of Bank of Cyprus
The newspaper “Haravgi” refers to the bonus of millions of euros shared out among the high-ranking officials of the Bank of Cyprus and Cyprus Popular Bank. According to the report, the Central Bank report, submitted to the Institutions Committee yesterday, reveals practices followed by the banks in the previous years in the allocation of bonus.
The “Economy” inset of the newspaper refers to the general meeting of PASYDY to inform the employees on the new cutbacks in the state budget 2014. According to the report, the views were divergent as to whether dynamic measures will be taken or not.
Other headlines:
-Government – DISY opposing positions
-They gave to Vatopedi more than €100m
-Increased interest for transfer of staff to CB
The newspaper “Alithia” refers to the deficit of more than €100 million in the CyBC pension fund. Interior Minister, Socrates Hassikos revealed yesterday that the pension fund is in a course of bankruptcy as it has an actuarial benefit of more than €100 million.
The “Economy” inset of the newspaper refers to the statements of the President of the Republic that the legal proceedings against the CB governor will be promoted.
Other headlines:
-BoD of Coop at final stages
-PASYDY wants time for talks on benefit cuts
-Suspension of treading for 3 shares – CSE
-Green light for single supervisory authority of banks – Ecofin
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