23/12/2011 07:16
The major issues in today’s financial press are the statements of the President of the Republic, the negotiations of the Greek government with individuals for the “haircut” terms and the issue of 30-day treasury bills by the Finance Ministry.
The “Economy” inset of newspaper “Phileleftheros” refers to the President’s statements yesterday. According to the report, Mr. Christofias urged the party leaders and the Parliament to reconsider the approval of the budgets and the war for the cut of certain benefits. He also stressed that the disastrous opposition and policy by all must be terminated.
Elsewhere the newspaper reports that total car registrations in the first eleven months of the year dropped 17.5%.
Other headlines:
- Warning for prosecutions due to the 13th salary
- If only rumours on investments became projects
- Employment of consultants for CSE privatization
- Recovery from Britain in 2012
The “Economy” inset of newspaper “Politis” refers to the negotiations of the Greek government with the individuals for the “haircut” terms. According to FT, an investment fund withdrew from the negotiations, threatening that if haircut exceeds 50%, it will take legal measures. The IMF believes that in order the Greek public debt to become viable, it must be cut to 120% of GDP. Cyprus is exposed by €3.5 billion in Greek bonds, which is 20% of its GDP.
“Politis” also reports that the issue of 30-day treasury bills was oversubscribed. The state borrowed €373 million.
Other headlines:
- Annual drop in saloon car registrations at 15.4%
- Stability is the objective – Fiscal balance is the “key” for the future of EU
- Fitch sounds the alarm to the US
- Japan downgrades estimates on economy
The “Economy” inset of newspaper “Simerini” refers to the cancellation of the recognized cycling race “Cyprus Sunshine Cup” due to limited funding by the CTO. According to the report, the hoteliers might lose more than 7 thousand overnight stays in February – March due to its cancellation.
The newspaper also highlights that the Construction Material Price Index slipped 0.05% in November.
Other headlines:
- T-bills auction ended positively
- Dispute started with Qatar and continues with benefits
- ECB lent half trillion – 523 banks participated in the auction
- Institute of Cyprus gives its answer to accusations
The “Economy” inset of newspaper “Haravgi” refers to the President’s appeal to all to have second thoughts on the item blocking for the benefits.
“Haravgi” also reports that the Finance Ministry will appoint consultants for the assessment of the CSE value and the adoption of the most recent privatization method.
Other headlines:
- Issue of bills oversubscribed
- Car registrations declined
- More than 30k companies paid the €350
- CSE extended gains
The newspaper “Alithia” highlights that in his statements yesterday, the President of the Republic said that the global markets lack humanity at the same time that Cyprus struggles to avoid the bailout mechanism.
The “Economy” inset of the newspaper refers to the absorbance of liquidity from the domestic market. According to the report, the government absorbed €456 million in two days.
Other headlines:
- Companies rush to pay the duty
- Economic activity down – DEOK blames Christofias for “false promises”
- Construction material prices go up
- Measures for CSE privatization
The “Economy” inset of newspaper “Phileleftheros” refers to the President’s statements yesterday. According to the report, Mr. Christofias urged the party leaders and the Parliament to reconsider the approval of the budgets and the war for the cut of certain benefits. He also stressed that the disastrous opposition and policy by all must be terminated.
Elsewhere the newspaper reports that total car registrations in the first eleven months of the year dropped 17.5%.
Other headlines:
- Warning for prosecutions due to the 13th salary
- If only rumours on investments became projects
- Employment of consultants for CSE privatization
- Recovery from Britain in 2012
The “Economy” inset of newspaper “Politis” refers to the negotiations of the Greek government with the individuals for the “haircut” terms. According to FT, an investment fund withdrew from the negotiations, threatening that if haircut exceeds 50%, it will take legal measures. The IMF believes that in order the Greek public debt to become viable, it must be cut to 120% of GDP. Cyprus is exposed by €3.5 billion in Greek bonds, which is 20% of its GDP.
“Politis” also reports that the issue of 30-day treasury bills was oversubscribed. The state borrowed €373 million.
Other headlines:
- Annual drop in saloon car registrations at 15.4%
- Stability is the objective – Fiscal balance is the “key” for the future of EU
- Fitch sounds the alarm to the US
- Japan downgrades estimates on economy
The “Economy” inset of newspaper “Simerini” refers to the cancellation of the recognized cycling race “Cyprus Sunshine Cup” due to limited funding by the CTO. According to the report, the hoteliers might lose more than 7 thousand overnight stays in February – March due to its cancellation.
The newspaper also highlights that the Construction Material Price Index slipped 0.05% in November.
Other headlines:
- T-bills auction ended positively
- Dispute started with Qatar and continues with benefits
- ECB lent half trillion – 523 banks participated in the auction
- Institute of Cyprus gives its answer to accusations
The “Economy” inset of newspaper “Haravgi” refers to the President’s appeal to all to have second thoughts on the item blocking for the benefits.
“Haravgi” also reports that the Finance Ministry will appoint consultants for the assessment of the CSE value and the adoption of the most recent privatization method.
Other headlines:
- Issue of bills oversubscribed
- Car registrations declined
- More than 30k companies paid the €350
- CSE extended gains
The newspaper “Alithia” highlights that in his statements yesterday, the President of the Republic said that the global markets lack humanity at the same time that Cyprus struggles to avoid the bailout mechanism.
The “Economy” inset of the newspaper refers to the absorbance of liquidity from the domestic market. According to the report, the government absorbed €456 million in two days.
Other headlines:
- Companies rush to pay the duty
- Economic activity down – DEOK blames Christofias for “false promises”
- Construction material prices go up
- Measures for CSE privatization
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