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Press: Uncertainty in the markets

19/05/2008 08:10
The major issues in today’s financial press are the course of the stock markets since January 2 and the investments in nuclear industry market.

The “Economy” inset of newspaper “Phileleftheros” refers to the course of the stock markets since early 2008. According to the report, the depth of the crisis has not been clarified yet. The messages for the macro-economic developments and the impacts on the banking system are conflicting and sometimes pessimistic. It is expected that corporate profitability will be affected.

Elsewhere the newspaper refers to the increase in the price of oil worldwide.

The “Economy” inset of newspaper “Simerini” refers to the investments in the nuclear industry market. According to the report, the investments in nuclear energy are of millions of pounds and the international companies are more interested in the Balkans, Turkey, the Mediterranean countries and Cyprus. Experts support that Turkey, Cyprus and the Balkans will need huge investments in the sector of electro-production.

The newspaper highlights that the Annual General Meeting of the Pancyprian Hoteliers Association will be held on May 27.

The “Economy” inset of newspaper “Alithia” refers to the Annual General Meetings of the International Shipping Chamber and the International Shipping Federation. According to the report, their operations started in Athens and Piraeus on Sunday and will continue until Tuesday. The AGMs are attended by the Shipping Chamber of Cyprus, which hopes to elect its members in the Board of Directors of the international organizations.

“Alithia” also reports that the Annual General Meeting of the Employers and Industrialists Federation (OEB) will take place on May 22.

The newspapers “Politis” and “Haravgi” do not contain a financial inset.