18/08/2003 08:25
The major issues in today’s financial press are the Cyprus tourist industry, the FTSE Med and the downgrading of the Cyprus Tourist Organization.
The “Economy” inset of newspaper “Phileleftheros” under the title “Campaign to promote FTSE Med 100” reports that the stock exchanges of Israel, Cyprus and Greece will launch a campaign to promote the joint index FTSE Med 100, aiming at the attraction of capital from the institutional investors and the restraint of capital outflows from the region.
Elsewhere “Phileleftheros” refers to the auction for a second mobile telephony license in Cyprus. According to the report, the fifteen-day extension given by the authorities and the drop of the initial auction sum from CYP 6.8 million to CYP 5.7 million are expected to boost the number of those interested.
The “Economy” inset of newspaper “Simerini” refers to the survey carried out by the newspaper on the Cyprus tourist industry. According to the report, the decline in the tourist industry is attributable to the expensive tourist package, the international economic recession, profiteering, the turbulence in the region, the ongoing upgrading of the competitive destinations and the high operating cost.
The first part of the survey is based on a CTO survey, according to which the crisis in tourism is larger than officially announced.
The newspaper “Alithia” refers to the intention of the Commerce Minister, Giorgos Lillikas, to set CTO under his supervision. The Minister has recommended not to appoint a permanent CTO General Manager, after the retirement of the current Manager, Frini Michael.
The “Economy” inset of newspaper “Phileleftheros” under the title “Campaign to promote FTSE Med 100” reports that the stock exchanges of Israel, Cyprus and Greece will launch a campaign to promote the joint index FTSE Med 100, aiming at the attraction of capital from the institutional investors and the restraint of capital outflows from the region.
Elsewhere “Phileleftheros” refers to the auction for a second mobile telephony license in Cyprus. According to the report, the fifteen-day extension given by the authorities and the drop of the initial auction sum from CYP 6.8 million to CYP 5.7 million are expected to boost the number of those interested.
The “Economy” inset of newspaper “Simerini” refers to the survey carried out by the newspaper on the Cyprus tourist industry. According to the report, the decline in the tourist industry is attributable to the expensive tourist package, the international economic recession, profiteering, the turbulence in the region, the ongoing upgrading of the competitive destinations and the high operating cost.
The first part of the survey is based on a CTO survey, according to which the crisis in tourism is larger than officially announced.
The newspaper “Alithia” refers to the intention of the Commerce Minister, Giorgos Lillikas, to set CTO under his supervision. The Minister has recommended not to appoint a permanent CTO General Manager, after the retirement of the current Manager, Frini Michael.
Related Articles
