18/02/2014 07:20
The major issue in today’s press is the House Finance Committee’s session, which discussed the privatization bill under the strong reactions of the parties. The Finance Minister stressed that the bill will not remove either the labour or the pension rights of the employees or powers from the legislative power, while he warned that a new memorandum will be underway if it is not approved. Yesterday, AKEL, EDEK, the Ecologists and the Alliance of Citizens declared they will vote against the bill.
The “Economy” inset of newspaper “Phileleftheros” refers to the House Finance Committee’s session, which focused on the privatization bill. The Finance Minister ensured that the Parliament will have a role and a say in the privatization process, while the pension and labour rights of the employees will be secured.
DIKO President, Nicolas Papadopoulos expressed his concerns and reservations on a number of provisions, while DISY supports the government’s handlings but declared that certain changes must be made.
Elsewhere the newspaper refers to the study submitted to the President of the Republic by the members of the National Council for the Economy.
Other headlines:
-Talks for capital in HB by group of new shareholders
-No surprises for the stress tests of Cyprus
-Eurogroup: “Good news” for Cyprus, in anticipation for privatizations
-European pressures for salaries
The “Economy” inset of newspaper “Politis” refers to the Eurogroup meeting held yesterday. The euro area Finance Ministers expressed their content for the course of Cyprus’s MoU program, while at the same time it was made clear that the partners give great importance to privatizations. Eurogroup President, Jeroen Disselbloem expressed his content for Cyprus.
“Politis” also reports that according to IRD data, total revenues in 2013 stood at €1.9 billion compared to €1.95 billion in 2012, recording a slight decrease of 3%.
Other headlines:
-Study on the debt to the President – National Council for the Economy
-Extended opening hours must become permanent – OEB requested by the government
-Gains of 3.71% in the CSE
-ASE down
The newspaper “Simerini” refers to the Eurogroup meeting, which discussed the Cypriot program in an exceptionally positive climate. According to the report, our creditors are ready to turn the green light for the disbursement of the next tranche on condition that the privatization bill will be approved.
The “Economy” inset of the newspaper refers to the House Finance Committee’s session yesterday, which discussed the bill on privatizations. In their statements after the session, certain MPs expressed publicly their reservations and certain their strong disagreement about the bill. DISY will support privatizations on condition that the public interest and the respect to the employees will be safeguarded, while AKEL totally disagrees.
Other headlines:
-Fear for the unknown tomorrow – Cyta employees protested outside the Parliament
-Privatizations a requirement for the next tranche
-NPLs vs. investigations for responsibilities
The “Economy” inset of newspaper “Haravgi” refers to the survey published by Larnaca’s local newspaper La Voice for the unemployed seeking jobs. According to the report, the newspaper ascertained that almost 1 out of 100, from the 78 thousand unemployed nationwide – that is 600 thousand – sent a CV for the position of secretary to a law office in Nicosia.
“Haravgi” also highlights that in an announcement released yesterday, OEB requested the implementation of the tourist opening hours for shops throughout the year.
Other headlines:
-Foreign experts to Cyprus for local administration
-Austerity brings recession and greater austerity – S. Evagorou accused the government for unwillingness to adopt assertive policy to the troika
-Revenues dropped despite taxes
-Consumption of energy going down
The “Economy” inset of newspaper “Alithia” refers to the Eurogroup meeting, which focused on the third assessment of Cyprus. According to EU sources, the partners expressed their content for the achievement of the targets set and for the fact that the Cypriot performance on fiscal and macroeconomics was better than expected.
Elsewhere the newspaper reports that according to Eurostat data, total consumption of energy in Cyprus in 2012 stood at 2.5 million tons of oil equivalent.
Other headlines:
-New taxes “saved” us – State revenues down 3% in 2013
-Properties in areas under recovery
-Great contribution of the hotel industry to the economy
-Tourist model of Cyprus is “old-fashioned”
The “Economy” inset of newspaper “Phileleftheros” refers to the House Finance Committee’s session, which focused on the privatization bill. The Finance Minister ensured that the Parliament will have a role and a say in the privatization process, while the pension and labour rights of the employees will be secured.
DIKO President, Nicolas Papadopoulos expressed his concerns and reservations on a number of provisions, while DISY supports the government’s handlings but declared that certain changes must be made.
Elsewhere the newspaper refers to the study submitted to the President of the Republic by the members of the National Council for the Economy.
Other headlines:
-Talks for capital in HB by group of new shareholders
-No surprises for the stress tests of Cyprus
-Eurogroup: “Good news” for Cyprus, in anticipation for privatizations
-European pressures for salaries
The “Economy” inset of newspaper “Politis” refers to the Eurogroup meeting held yesterday. The euro area Finance Ministers expressed their content for the course of Cyprus’s MoU program, while at the same time it was made clear that the partners give great importance to privatizations. Eurogroup President, Jeroen Disselbloem expressed his content for Cyprus.
“Politis” also reports that according to IRD data, total revenues in 2013 stood at €1.9 billion compared to €1.95 billion in 2012, recording a slight decrease of 3%.
Other headlines:
-Study on the debt to the President – National Council for the Economy
-Extended opening hours must become permanent – OEB requested by the government
-Gains of 3.71% in the CSE
-ASE down
The newspaper “Simerini” refers to the Eurogroup meeting, which discussed the Cypriot program in an exceptionally positive climate. According to the report, our creditors are ready to turn the green light for the disbursement of the next tranche on condition that the privatization bill will be approved.
The “Economy” inset of the newspaper refers to the House Finance Committee’s session yesterday, which discussed the bill on privatizations. In their statements after the session, certain MPs expressed publicly their reservations and certain their strong disagreement about the bill. DISY will support privatizations on condition that the public interest and the respect to the employees will be safeguarded, while AKEL totally disagrees.
Other headlines:
-Fear for the unknown tomorrow – Cyta employees protested outside the Parliament
-Privatizations a requirement for the next tranche
-NPLs vs. investigations for responsibilities
The “Economy” inset of newspaper “Haravgi” refers to the survey published by Larnaca’s local newspaper La Voice for the unemployed seeking jobs. According to the report, the newspaper ascertained that almost 1 out of 100, from the 78 thousand unemployed nationwide – that is 600 thousand – sent a CV for the position of secretary to a law office in Nicosia.
“Haravgi” also highlights that in an announcement released yesterday, OEB requested the implementation of the tourist opening hours for shops throughout the year.
Other headlines:
-Foreign experts to Cyprus for local administration
-Austerity brings recession and greater austerity – S. Evagorou accused the government for unwillingness to adopt assertive policy to the troika
-Revenues dropped despite taxes
-Consumption of energy going down
The “Economy” inset of newspaper “Alithia” refers to the Eurogroup meeting, which focused on the third assessment of Cyprus. According to EU sources, the partners expressed their content for the achievement of the targets set and for the fact that the Cypriot performance on fiscal and macroeconomics was better than expected.
Elsewhere the newspaper reports that according to Eurostat data, total consumption of energy in Cyprus in 2012 stood at 2.5 million tons of oil equivalent.
Other headlines:
-New taxes “saved” us – State revenues down 3% in 2013
-Properties in areas under recovery
-Great contribution of the hotel industry to the economy
-Tourist model of Cyprus is “old-fashioned”
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