23/09/2014 07:00
The major issue in today’s financial press is the letter of CB Governor, Chrystala Georghadji, calling the members of the Board of Directors of Bank of Cyprus to resign so as not to take decisions that would be binding for the new owners of the bank.
Other issues concern the preparation of the new insolvency framework with the involvement of the experts introduced by the parties and today’s plenary session to discuss the referral of the bills on the credit institutions amending law of 2014 and the Central Bank amending law of 2014.
The “Economy” inset of newspaper “Phileleftheros” refers to the first meeting of the group of experts of the parties with the Finance Minister and technocrats in order to prepare the multi-bill on insolvency. As noted, before October 14, the government must send to the troika the first draft of the bill so that – through a simultaneous negotiation – everything to be set for discussion in early December and be approved by the end of the year.
Meanwhile, the Parliament will decide today for the two referrals of the President of the Republic.
Elsewhere the newspaper reports that the appointment of Yiannakis Lazarou as Tax Superintendent was ratified yesterday by majority by the House Finance Committee.
Other headlines:
-Borrowers say that no restructurings are made
-Vehicle registrations up 21.2%
-Unemployed applications of July under examination
The “Economy” inset of newspaper “Politis” refers to the preparation of the new insolvency framework with the involvement of experts determined by the parties. The insolvency framework concerns six bills such as new mechanism for individuals that provides for payment plans for individuals and discharge of unsecured debts from debtors without property and income and amendment of the Bankruptcy Act to modernize procedures.
“Politis” also reports that the Central Bank requested the resignation of all Board members of Bank of Cyprus, with a letter sent to the Chairman of the Group, aiming to catching up decisions that could be binding for the new owners of the bank.
Other headlines:
-Temporary solution becomes permanent – Tax Superintendent
-10-euro note is safer – Out today
-Reactions to what the FINMIN said to “P”
-Vehicle registrations increased in August
The newspaper “Simerini” refers to the poll conducted by the University of Nicosia on behalf of Sigma TV on foreclosures. According to the poll, 60% of respondents believe that the government is responsible for the current impasse.
The “Economy” inset of the newspaper reports that the House Finance Committee proceeded to amendments of the regulations sent by the government in an effort to clarify ambiguities in relation to the use of service vehicles by state officials.
Other headlines:
-“All resign from the BoD of BOCY” – Chrystalla Georghadji letter
-Europe, the new 10-euro banknote
-€1bn to Coops
The “Economy” inset of newspaper “Haravgi” refers to the backstage contacts that are in progress among the parties in relation to the two laws referred by the President of the Republic and concern foreclosures. According to sources, the parties elaborate two scenarions for every referral. Each scenario aims to protect small debtors and to prevent mass foreclosures.
The referrals of the President will be discussed by the plenary today while earlier the party leaders or representatives will hold a meeting.
“Haravgi” also reports that the banks started sending letters to unemployed and other small debtors, who are in dire financial condition due to the financial crisis.
Other headlines:
-Appointments amid disciplinary investigations
-From the troika’s memorandum to…the government’s austerity manifesto
-House amendments for limousines
The “Economy” inset of newspaper “Alithia” refers to the approval of the appointment of Yiannakis Lazarou and Yiannis Tsaggarides as Tax Superintendent and Deputy Tax Superintendent respectively by the House Finance Committee.
Elsewhere the newspaper reports that according to Cystat data, total saloon car registrations recorded an increase of 13% to 1.197 in August 2014 from 1.059 in August 2013.
Other headlines:
-BOCY to meet today for management of €1bn
-Hearing for FBME on September 29
-10-euro banknote is safer
-Increase in construction cost
Other issues concern the preparation of the new insolvency framework with the involvement of the experts introduced by the parties and today’s plenary session to discuss the referral of the bills on the credit institutions amending law of 2014 and the Central Bank amending law of 2014.
The “Economy” inset of newspaper “Phileleftheros” refers to the first meeting of the group of experts of the parties with the Finance Minister and technocrats in order to prepare the multi-bill on insolvency. As noted, before October 14, the government must send to the troika the first draft of the bill so that – through a simultaneous negotiation – everything to be set for discussion in early December and be approved by the end of the year.
Meanwhile, the Parliament will decide today for the two referrals of the President of the Republic.
Elsewhere the newspaper reports that the appointment of Yiannakis Lazarou as Tax Superintendent was ratified yesterday by majority by the House Finance Committee.
Other headlines:
-Borrowers say that no restructurings are made
-Vehicle registrations up 21.2%
-Unemployed applications of July under examination
The “Economy” inset of newspaper “Politis” refers to the preparation of the new insolvency framework with the involvement of experts determined by the parties. The insolvency framework concerns six bills such as new mechanism for individuals that provides for payment plans for individuals and discharge of unsecured debts from debtors without property and income and amendment of the Bankruptcy Act to modernize procedures.
“Politis” also reports that the Central Bank requested the resignation of all Board members of Bank of Cyprus, with a letter sent to the Chairman of the Group, aiming to catching up decisions that could be binding for the new owners of the bank.
Other headlines:
-Temporary solution becomes permanent – Tax Superintendent
-10-euro note is safer – Out today
-Reactions to what the FINMIN said to “P”
-Vehicle registrations increased in August
The newspaper “Simerini” refers to the poll conducted by the University of Nicosia on behalf of Sigma TV on foreclosures. According to the poll, 60% of respondents believe that the government is responsible for the current impasse.
The “Economy” inset of the newspaper reports that the House Finance Committee proceeded to amendments of the regulations sent by the government in an effort to clarify ambiguities in relation to the use of service vehicles by state officials.
Other headlines:
-“All resign from the BoD of BOCY” – Chrystalla Georghadji letter
-Europe, the new 10-euro banknote
-€1bn to Coops
The “Economy” inset of newspaper “Haravgi” refers to the backstage contacts that are in progress among the parties in relation to the two laws referred by the President of the Republic and concern foreclosures. According to sources, the parties elaborate two scenarions for every referral. Each scenario aims to protect small debtors and to prevent mass foreclosures.
The referrals of the President will be discussed by the plenary today while earlier the party leaders or representatives will hold a meeting.
“Haravgi” also reports that the banks started sending letters to unemployed and other small debtors, who are in dire financial condition due to the financial crisis.
Other headlines:
-Appointments amid disciplinary investigations
-From the troika’s memorandum to…the government’s austerity manifesto
-House amendments for limousines
The “Economy” inset of newspaper “Alithia” refers to the approval of the appointment of Yiannakis Lazarou and Yiannis Tsaggarides as Tax Superintendent and Deputy Tax Superintendent respectively by the House Finance Committee.
Elsewhere the newspaper reports that according to Cystat data, total saloon car registrations recorded an increase of 13% to 1.197 in August 2014 from 1.059 in August 2013.
Other headlines:
-BOCY to meet today for management of €1bn
-Hearing for FBME on September 29
-10-euro banknote is safer
-Increase in construction cost
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