30/01/2003 09:32
The major issue in today’s financial press is the revision of estimates over tourism for 2003 ahead of the imminent American intervention in Iraq.
The “Economic” inset of newspaper “Alithia” under the title “War in Iraq affects Cyprus tourism even before it breaks out” refers to the Commerce Minister, Nicos Rolandis, who had recently contacts with the British tourist agencies. “We have to proceed to the revision of estimates for 2003. The British think of war and not of their vacation”, Mr. Rolandis said stressing that tourist industry in Cyprus is largely based on British tourists.
Meanwhile the Commerce Ministry is to have contacts with the Cyprus Tourism Organization next week to discuss the new data, as initial estimates that British tourist arrivals will increase (to reach 5% - 7%) seem to fail ahead of UK’s participation in the war.
Elsewhere the newspaper mentions that Parliament’s findings with regard to lawyers’ responsibilities in the CSE scandal contradicts presidential candidate Tassos Papadopoulos, who supported that legal advisers are not to be blamed.
The “Economy” inset of newspaper “Simerini” under the title “Concerns over the Annan plan” highlights that Cyprus’ economic analysts have expressed their concerns over the provisions of the peace plan. According to the academic Panos Pasiardis, if the component states have two separate economies “short term adjustment will be less painful, but long term development will be painful”. On the other hand, if the component states have a single economy “the cost of adjustment in the short term will be large, but the in the long term it will be promising”.
Elsewhere “Simerini” points out that labour dispute in ‘Orpanides’ super markets worsen.
The “Economy” inset of newspaper “Phileleftheros” under the title “War scenarios and impact on petrol/economies” reports that the Research and EU Department of the Finance Ministry has already prepared a study of how Cyprus will be affected by the war in Iraq, as well as several answers of how to confront it. These are: interest rate cuts, expanding budget policy that will accelerate development projects, restrictive income policy, and promotion of Cyprus tourism.
Elsewhere the inset focuses on OPAP and government and their attempt to reach an agreement.
The “Economic” inset of newspaper “Alithia” under the title “War in Iraq affects Cyprus tourism even before it breaks out” refers to the Commerce Minister, Nicos Rolandis, who had recently contacts with the British tourist agencies. “We have to proceed to the revision of estimates for 2003. The British think of war and not of their vacation”, Mr. Rolandis said stressing that tourist industry in Cyprus is largely based on British tourists.
Meanwhile the Commerce Ministry is to have contacts with the Cyprus Tourism Organization next week to discuss the new data, as initial estimates that British tourist arrivals will increase (to reach 5% - 7%) seem to fail ahead of UK’s participation in the war.
Elsewhere the newspaper mentions that Parliament’s findings with regard to lawyers’ responsibilities in the CSE scandal contradicts presidential candidate Tassos Papadopoulos, who supported that legal advisers are not to be blamed.
The “Economy” inset of newspaper “Simerini” under the title “Concerns over the Annan plan” highlights that Cyprus’ economic analysts have expressed their concerns over the provisions of the peace plan. According to the academic Panos Pasiardis, if the component states have two separate economies “short term adjustment will be less painful, but long term development will be painful”. On the other hand, if the component states have a single economy “the cost of adjustment in the short term will be large, but the in the long term it will be promising”.
Elsewhere “Simerini” points out that labour dispute in ‘Orpanides’ super markets worsen.
The “Economy” inset of newspaper “Phileleftheros” under the title “War scenarios and impact on petrol/economies” reports that the Research and EU Department of the Finance Ministry has already prepared a study of how Cyprus will be affected by the war in Iraq, as well as several answers of how to confront it. These are: interest rate cuts, expanding budget policy that will accelerate development projects, restrictive income policy, and promotion of Cyprus tourism.
Elsewhere the inset focuses on OPAP and government and their attempt to reach an agreement.
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