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Press: Deposits, tourist industry

25/10/2007 09:07
The major issues in today’s financial press are the deposits in the commercial banks and the press conference of the CTO Chairman, Panos Egglezos. The daily press focuses on Cyprus’s reactions to the document of strategic partnership of Britain – Turkey.

The “Economy” inset of newspaper “Phileleftheros” refers to the deposits in the commercial banks. According to the report, the Central Bank’s move to use mechanisms in order to absorb liquidity from the market to restrict loan growth has enforced the banks to react.

Elsewhere the newspaper refers to the talks on the possible cartel by the fuel companies within the framework of the House Finance Committee’s session.

The “Economy” inset of newspaper “Politis” refers to the press conference given by the CTO Chairman, Panos Egglezos. According to the report, the CTO is struggling so that Cyprus is not a summer tourist destination only.

“Politis” also refers to the new meeting between Cyprus Airways and the trade unions on ground handling.

The “Economy” inset of newspaper “Simerini” refers to the press conference given by the CTO Chairman, Panos Egglezos. According to the report, Mr. Egglezos said that the course of the tourist industry is a pleasant surprise.

The newspaper also refers to today’s meeting between the President of the Republic, Tassos Papadopoulos and the Board of Directors of EAC on the transfer of natural gas to Cyprus.

The “Economy” inset of newspaper “Haravgi” refers to the House Finance Committee’s session. According to the report, AKEL MP, Stavros Evagorou said that there are indications for a possible cartel in the retail prices of the fuel.

“Haravgi” also refers to the statements of PEO General Secretary, Pambis Kyritsis that the chaos in the market is overcharging and not profiteering.

The “Economy” inset of newspaper “Alithia” refers to the loan growth. According to the report, loan growth reached 30% in September, while Central Bank stated that the government has the key of the monetary conditions.

Elsewhere the newspaper reports that Demetra invests €13 million in Romania.