09/07/2014 07:34
The major issues in today’s financial press are the House Institutions Committee’s session yesterday, which discussed the restructuring of loans, the meeting of the Board of Directors of Hellenic Bank and the talks on the bill for the property tax.
The “Economy” inset of newspaper “Phileleftheros” refers to yesterday’s House Finance Committee’s session on the restructuring of loans. As noted, CB Governor, Chrystalla Georghadji, said that the banks have proceeded to €3 thousand loan restructurings with the exception of Bank of Cyprus, which has not yet submitted data. The MPs requested by the bank’s spokesman to submit the revaluations of properties of 25 large lenders, who owe €6 billion.
Elsewhere the newspaper reports that the Securities and Exchange Commission expects investments of millions through alternative investments.
Other headlines:
-Nothing wrong in outflows
-Reactions for appointments in BoD of CB and banks
-Georgiadou the new Chairwoman of HB
-AKEL, EDEK and Ecologists cooperate for EEE
The newspaper “Politis” refers to the talks on the bill for the property tax. According to the report, all sides, even the government, agree that the government bill should not be approved as it is, because it will hit the small-medium landowners and will cause social disruption.
The “Economy” inset of the newspaper refers to the meeting of the Board of Directors of Hellenic Bank. As noted, Irena Georgiadou is officially the new Chairwoman of the bank. The position of Vice-Chairman is still vacant and it will be filled in at the next meeting. The Board members were informed on the bank’s issues, the stress tests and the evaluation of the quality of assets, which will determine the size of the decisions for the capital structure of the bank.
Other headlines:
-Juncker wants socialist – Finance Commissioner
-Incentives for alternative investments
-Recession at 4% in 2014 – FINMIN
-Outflows ordinary actions
The “Economy” inset of newspaper “Simerini” refers to the House Institutions’ Committee’s session, which discussed the restructuring of loans. As noted, CB Governor, Chrystalla Georghadji said that she expects stagnation in the restructuring of loans from the banks in the next few months, ahead of the stress tests.
The newspaper also reports that according to the CB Governor, there is nothing wrong with the outflow of deposits during the closed period of the banks.
Other headlines:
-Alternative capital under the SEC
-EEE bill with many changes
-Taxation of real estate in the air
-NG activities mount
The newspaper “Haravgi” refers to the reactions for the way of revaluation of real property. According to the report, AKEL clarified that it will not vote for the governmental bill, which victimizes a large part of the Cypriot people and contains considerations.
The “Economy” inset of the newspaper refers to the bill forwarded by the government to the Parliament for the de-freezing of 755 promotions in the public sector. According to the report, AKEL, DIKO and other forces intend to submit a draft law on Thursday in order to de-freeze the total frozen positions in the public sector.
Other headlines:
-Irena the new Chairwoman in HB
-Increase in the number of registrations of new companies
-Ch. Georghadji: Nothing wrong with the outflows
The newspaper “Alithia” reports that during the House Finance Committee’s session yesterday it appeared that the bill for the property tax is not adopted by any of the parties. The bill is worse than last year’s with the medium properties to have to pay more, while large landowners will pay less.
The “Economy” inset of the newspaper reports that CIFA Chairman, Angelos Gregoriades proposed the issue of an Islamic bond from the Republic in an effort to attract Islamic funds.
Other headlines:
-GDP contraction at 4% in 2014-07-09
-Initiative for youth employment hastened
-BOCY getting ready for the stock exchange
-Prices stagnant in June
The “Economy” inset of newspaper “Phileleftheros” refers to yesterday’s House Finance Committee’s session on the restructuring of loans. As noted, CB Governor, Chrystalla Georghadji, said that the banks have proceeded to €3 thousand loan restructurings with the exception of Bank of Cyprus, which has not yet submitted data. The MPs requested by the bank’s spokesman to submit the revaluations of properties of 25 large lenders, who owe €6 billion.
Elsewhere the newspaper reports that the Securities and Exchange Commission expects investments of millions through alternative investments.
Other headlines:
-Nothing wrong in outflows
-Reactions for appointments in BoD of CB and banks
-Georgiadou the new Chairwoman of HB
-AKEL, EDEK and Ecologists cooperate for EEE
The newspaper “Politis” refers to the talks on the bill for the property tax. According to the report, all sides, even the government, agree that the government bill should not be approved as it is, because it will hit the small-medium landowners and will cause social disruption.
The “Economy” inset of the newspaper refers to the meeting of the Board of Directors of Hellenic Bank. As noted, Irena Georgiadou is officially the new Chairwoman of the bank. The position of Vice-Chairman is still vacant and it will be filled in at the next meeting. The Board members were informed on the bank’s issues, the stress tests and the evaluation of the quality of assets, which will determine the size of the decisions for the capital structure of the bank.
Other headlines:
-Juncker wants socialist – Finance Commissioner
-Incentives for alternative investments
-Recession at 4% in 2014 – FINMIN
-Outflows ordinary actions
The “Economy” inset of newspaper “Simerini” refers to the House Institutions’ Committee’s session, which discussed the restructuring of loans. As noted, CB Governor, Chrystalla Georghadji said that she expects stagnation in the restructuring of loans from the banks in the next few months, ahead of the stress tests.
The newspaper also reports that according to the CB Governor, there is nothing wrong with the outflow of deposits during the closed period of the banks.
Other headlines:
-Alternative capital under the SEC
-EEE bill with many changes
-Taxation of real estate in the air
-NG activities mount
The newspaper “Haravgi” refers to the reactions for the way of revaluation of real property. According to the report, AKEL clarified that it will not vote for the governmental bill, which victimizes a large part of the Cypriot people and contains considerations.
The “Economy” inset of the newspaper refers to the bill forwarded by the government to the Parliament for the de-freezing of 755 promotions in the public sector. According to the report, AKEL, DIKO and other forces intend to submit a draft law on Thursday in order to de-freeze the total frozen positions in the public sector.
Other headlines:
-Irena the new Chairwoman in HB
-Increase in the number of registrations of new companies
-Ch. Georghadji: Nothing wrong with the outflows
The newspaper “Alithia” reports that during the House Finance Committee’s session yesterday it appeared that the bill for the property tax is not adopted by any of the parties. The bill is worse than last year’s with the medium properties to have to pay more, while large landowners will pay less.
The “Economy” inset of the newspaper reports that CIFA Chairman, Angelos Gregoriades proposed the issue of an Islamic bond from the Republic in an effort to attract Islamic funds.
Other headlines:
-GDP contraction at 4% in 2014-07-09
-Initiative for youth employment hastened
-BOCY getting ready for the stock exchange
-Prices stagnant in June
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