19/05/2014 06:46
The major issues in today’s financial press are the small amount of regulatory capital earned by the banks in the updated memorandum and the disagreements between the Management and the Board of Directors of Bank of Cyprus.
The “Economy” inset of newspaper “Phileleftheros” refers to the small amount of supervisory capital earned by the banks in the updated memorandum. The Core Tier 1 fell from 9% to 8%. From this change there is a benefit of millions while Cyprus will be at the same speed as the rest of the euro area in terms of supervisory requirements. Yet it still remains a need for credit institutions to strengthen their capital in order to deal with non-performing loans.
Elsewhere the newspaper reports that the government committed against the troika to promote the bill that will facilitate the divestitures of collateral in loans of large debtors.
Other headlines:
-Parties criticize the government for the economy
-Fast procedures for SMEs required
-The government observes but tits not aware of Hourican’s resignation
-The good, the bad and the moderate scenario for Greece
The newspaper “Politis” reports that the next few weeks are expected to be critical for the natural gas terminal. According to the special advisor of the President of the Republic and Board member of the hydrocarbon company, Make Efthimiou, there are still hopes for the transfer of natural gas from the Leviathan or Tamar for liquefaction at the inland terminal of Vassiliko. As noted, a new round of negotiations with Noble will start in Nicosia tomorrow and Wednesday.
The “Economy” inset of the newspaper refers to the figures for revenues from the global tourism organization. According to them, they reached 1.4 trillion in 2013.
Other headlines:
-Possible frauds from phones, emails, internet
-Congratulations to Portugal – The reforms will have results - Schaeuble says
-Moody’s upgraded Ireland
The “Economy” inset of newspaper “Simerini” refers to the disagreements between the Management and the Board of Directors of Bank of Cyprus. According to the report, everyone in the Group stressed the need that the disagreement between the BoD and the Management of Bank of Cyprus is overcome. Invited to comment on reports about the resignation of John Hourican, the government spokesman said that the government is monitoring the developments.
The newspaper also highlights that the shop owners will protest for the opening hours on Thursday.
The “Economy” inset of newspaper “Alithia” highlights that the President of the Republic reacted t what the opposition says about the government on economy issues. Referring to the criticisms for the haircut, Mr. Anastasiades reiterated his position that he preferred to be beneficial rather than likeable.
Elsewhere the newspaper reports that the electronic consolidation of former Laiki Bank with Bank of Cyprus is scheduled for June 10.
Other headlines:
-Government not aware of Hourican’s “resignation”
-From Laiki eBank to 1bank…
-Portugal said goodbye to the memorandum
-Ireland goes well
The newspaper “Haravgi” does not contain a financial inset.
The “Economy” inset of newspaper “Phileleftheros” refers to the small amount of supervisory capital earned by the banks in the updated memorandum. The Core Tier 1 fell from 9% to 8%. From this change there is a benefit of millions while Cyprus will be at the same speed as the rest of the euro area in terms of supervisory requirements. Yet it still remains a need for credit institutions to strengthen their capital in order to deal with non-performing loans.
Elsewhere the newspaper reports that the government committed against the troika to promote the bill that will facilitate the divestitures of collateral in loans of large debtors.
Other headlines:
-Parties criticize the government for the economy
-Fast procedures for SMEs required
-The government observes but tits not aware of Hourican’s resignation
-The good, the bad and the moderate scenario for Greece
The newspaper “Politis” reports that the next few weeks are expected to be critical for the natural gas terminal. According to the special advisor of the President of the Republic and Board member of the hydrocarbon company, Make Efthimiou, there are still hopes for the transfer of natural gas from the Leviathan or Tamar for liquefaction at the inland terminal of Vassiliko. As noted, a new round of negotiations with Noble will start in Nicosia tomorrow and Wednesday.
The “Economy” inset of the newspaper refers to the figures for revenues from the global tourism organization. According to them, they reached 1.4 trillion in 2013.
Other headlines:
-Possible frauds from phones, emails, internet
-Congratulations to Portugal – The reforms will have results - Schaeuble says
-Moody’s upgraded Ireland
The “Economy” inset of newspaper “Simerini” refers to the disagreements between the Management and the Board of Directors of Bank of Cyprus. According to the report, everyone in the Group stressed the need that the disagreement between the BoD and the Management of Bank of Cyprus is overcome. Invited to comment on reports about the resignation of John Hourican, the government spokesman said that the government is monitoring the developments.
The newspaper also highlights that the shop owners will protest for the opening hours on Thursday.
The “Economy” inset of newspaper “Alithia” highlights that the President of the Republic reacted t what the opposition says about the government on economy issues. Referring to the criticisms for the haircut, Mr. Anastasiades reiterated his position that he preferred to be beneficial rather than likeable.
Elsewhere the newspaper reports that the electronic consolidation of former Laiki Bank with Bank of Cyprus is scheduled for June 10.
Other headlines:
-Government not aware of Hourican’s “resignation”
-From Laiki eBank to 1bank…
-Portugal said goodbye to the memorandum
-Ireland goes well
The newspaper “Haravgi” does not contain a financial inset.
Related Articles
