13/06/2014 07:38
The major issues in today’s financial press are the large investment announced by the Indian tycoon from Kashmir in the Larnaca port and marina and the two memorandum bills tabled by the government to the Parliament for the collection of pending tax obligations.
The newspaper “Phileleftheros” refers to the large investment announced yesterday by an Indian tycoon from Kashmir in the Larnaca port and marina. According to the report, via his company, Expandable Infra Pvt Ltd, Sachil Peertjanta, son of the leader of the state in India, announced that he proceeds with a significant investment in collaboration with the Zenon Consortium in Cyprus for the development of the port and marina of Larnaca. The Indian businessman has been investing in property in Cyprus especially in Peyia.
The “Economy” inset of the newspaper refers to the drop in property prices and building permits. According to “Global Housing Watch” carried out by the International Monetary Fund for the house prices in the fourth quarter of 2013, house prices in Cyprus recorded the fourth highest decline globally and fell on an annual basis by 6.48%.
Besides, according to Cystat data, the number of building permits issued in January – March recorded a decrease of 59% in relation to last year. Also, the area of the licensed projects recorded a decrease of 42%.
Other headlines:
-Dispute on CAIR time slot
-The Chinese left, there are two more, Aristo supports
-Tourism is the key of recovery
The “Economy” inset of newspaper “Politis” refers to the two bills approved by the Council of Ministers yesterday for the elimination of tax evasion. As noted, pressing “send” in his email, the IRD Director or other authorized person, will be able to inform the bank for the blocking of the bank account of the tax payer who has not responded to notifications for the settlement of his obligations.
“Politis” also refers to the Annual General Meeting of PASYXE. The President of the Republic, speaking to the AGM, said that tourism is still the heavy industry of Cyprus.
Other headlines:
-More funds for fisheries
-Property market subdued
-No excluding an interim dividend – Shacolas Group
-Losses of 4.81% in the CSE
The newspaper “Simerini” reports that AKEL and the trade union of the pilots support that the time slot at Heathrow has been sold. CAIR Board Chairman, Tony Antoniou avoided to confirm or deny reports, stressing that if and when the time slot is sold, this will be announced to the CSE.
The “Economy’ inset of the newspaper refers to the bill approved by the Council of Ministers yesterday for the elimination of tax evasion. As noted, the bill allows the IRD to block deposits and properties of those who have not settled their tax obligations.
Other headlines:
-Three directors secured CB’s “ok” for HB
-Judicial battle against privatizations
The newspaper “Haravgi” refers to the sale of the time slot of Cyprus Airways at Heathrow airport. According to sources, CAIR Chairman, Tony Antoniou signed on Wednesday the contract for the sale of the time slot and expects the buyers to sign too so that the agreement is activated. It is not excluded that he arranges the weakening of the national carrier so as to become non-viable and the schedules to be undertaken by Aegean Airlines.
The “Economy’ inset of the newspaper refers to the mass legal actions at the Supreme Court against privatizations by the EAC employees. AAs noted, 1736 legal actions have already been filed, asking for the cancellation of the Council of Ministers’ decree.
Other headlines:
-Bill on casino a matter of days
-Superintendent enters the bank accounts
-IMF: Property prices slump
-The Chinese left
The newspaper “Alithia” refers to the two memorandum bills tabled to the Parliament yesterday for the collection of pending tax obligations. The two bills provide for the seizure of movable property and bank accounts and the prohibition of alienation of properties for debts of direct and indirect taxes.
The “Economy” inset of the newspaper refers to the Annual General Meeting of PASYXE yesterday. The Chairman of the Association, Haris Loizides said that more than 3 thousand unemployed Cypriots were employed in the hotel industry, 1000 of whom through the Labour Ministry’s schemes. He also said that 67% of the employees are Cypriots.
Other headlines:
-Big decline in house prices
-Shacolas Group changes Chairman
-Approval of budget of €38.5m – RES
-Increased sales - Jumbo
The newspaper “Phileleftheros” refers to the large investment announced yesterday by an Indian tycoon from Kashmir in the Larnaca port and marina. According to the report, via his company, Expandable Infra Pvt Ltd, Sachil Peertjanta, son of the leader of the state in India, announced that he proceeds with a significant investment in collaboration with the Zenon Consortium in Cyprus for the development of the port and marina of Larnaca. The Indian businessman has been investing in property in Cyprus especially in Peyia.
The “Economy” inset of the newspaper refers to the drop in property prices and building permits. According to “Global Housing Watch” carried out by the International Monetary Fund for the house prices in the fourth quarter of 2013, house prices in Cyprus recorded the fourth highest decline globally and fell on an annual basis by 6.48%.
Besides, according to Cystat data, the number of building permits issued in January – March recorded a decrease of 59% in relation to last year. Also, the area of the licensed projects recorded a decrease of 42%.
Other headlines:
-Dispute on CAIR time slot
-The Chinese left, there are two more, Aristo supports
-Tourism is the key of recovery
The “Economy” inset of newspaper “Politis” refers to the two bills approved by the Council of Ministers yesterday for the elimination of tax evasion. As noted, pressing “send” in his email, the IRD Director or other authorized person, will be able to inform the bank for the blocking of the bank account of the tax payer who has not responded to notifications for the settlement of his obligations.
“Politis” also refers to the Annual General Meeting of PASYXE. The President of the Republic, speaking to the AGM, said that tourism is still the heavy industry of Cyprus.
Other headlines:
-More funds for fisheries
-Property market subdued
-No excluding an interim dividend – Shacolas Group
-Losses of 4.81% in the CSE
The newspaper “Simerini” reports that AKEL and the trade union of the pilots support that the time slot at Heathrow has been sold. CAIR Board Chairman, Tony Antoniou avoided to confirm or deny reports, stressing that if and when the time slot is sold, this will be announced to the CSE.
The “Economy’ inset of the newspaper refers to the bill approved by the Council of Ministers yesterday for the elimination of tax evasion. As noted, the bill allows the IRD to block deposits and properties of those who have not settled their tax obligations.
Other headlines:
-Three directors secured CB’s “ok” for HB
-Judicial battle against privatizations
The newspaper “Haravgi” refers to the sale of the time slot of Cyprus Airways at Heathrow airport. According to sources, CAIR Chairman, Tony Antoniou signed on Wednesday the contract for the sale of the time slot and expects the buyers to sign too so that the agreement is activated. It is not excluded that he arranges the weakening of the national carrier so as to become non-viable and the schedules to be undertaken by Aegean Airlines.
The “Economy’ inset of the newspaper refers to the mass legal actions at the Supreme Court against privatizations by the EAC employees. AAs noted, 1736 legal actions have already been filed, asking for the cancellation of the Council of Ministers’ decree.
Other headlines:
-Bill on casino a matter of days
-Superintendent enters the bank accounts
-IMF: Property prices slump
-The Chinese left
The newspaper “Alithia” refers to the two memorandum bills tabled to the Parliament yesterday for the collection of pending tax obligations. The two bills provide for the seizure of movable property and bank accounts and the prohibition of alienation of properties for debts of direct and indirect taxes.
The “Economy” inset of the newspaper refers to the Annual General Meeting of PASYXE yesterday. The Chairman of the Association, Haris Loizides said that more than 3 thousand unemployed Cypriots were employed in the hotel industry, 1000 of whom through the Labour Ministry’s schemes. He also said that 67% of the employees are Cypriots.
Other headlines:
-Big decline in house prices
-Shacolas Group changes Chairman
-Approval of budget of €38.5m – RES
-Increased sales - Jumbo
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