20/08/2009 08:40
The major issues in today’s financial press are the lower reservations in September and October and the European Commission’s draft proposal for the adoption of a number of measures by the member states in order to eliminate tax evasion and cross-border tax frauds.
The “Economy” inset of newspaper “Phileleftheros” refers to the lower reservations in tourism. According to the report, reservations in September and October will not change and will drop by 20%, while reservations from the German market have a zero ratio.
Elsewhere the newspaper reports that the development projects are currently under evaluation taking into account the new data that emerged due to the crisis.
Other headlines:
- Credit cards blocked
- CY hotels are expensive
- Eurocypria financing a disaster
- CSE – Profits of 3.46%
The “Economy” inset of newspaper “Politis” refers to the European Commission’s draft proposal for the adoption of a number of measures that will aim at the elimination of tax evasion. According to the report, the main aim is to create a legal base that will allow the member states to take effective measures for the elimination of tax evasion by the VAT.
“Politis” also refers to the announcement of PASYPI trade union, which is against the financing of Eurocypria.
Other headlines:
- CSE: Significant gains of 2.22%
The “Economy” inset of newspaper “Simerini” refers to the reactions to the IMF view that ATA hits the competitiveness of the island’s economy and must be restructured. According to the report, the parties and the trade unions stated their arguments for the revision and/or change of calculation of ATA.
The newspaper also reports that the term “public consumption” does not include projects. According to the report, the Finance Ministry’s announcement that the increase in public consumption by 11.3% had a positive contribution to the island’s growth aroused strong feelings.
Other headlines:
- Salaries and price hikes
- News on CPC finding in September
- CAIR pilots threaten to take measures if Eurcypria is financed
- Significant gains in the CSE
- Support packages in 2010
The “Economy” inset of newspaper “Haravgi” hosts the statements of Finance Ministry Finance Director, Stavros Michael that the fiscal deficit will remain below 3% in 2009, while the collection of delayed taxes and the elimination of tax evasion will push state revenues up.
“Haravgi” also refers to the introduction of a single base via which the EU member states will be able to take measures against the cross border tax frauds.
Other headlines:
- CSE closed higher yesterday
- ATA is social and economic blessing
- PASYDY: Measures against tax evasion
The “Economy” inset of newspaper “Alithia” refers to the European Commission’s decisions for fines to 34 businesses. According to the report, it is estimated that the European economy suffered losses of €7.6 billion from seven cartels in 2005-2007. For the violation of the healthy competition rules, the European Commission imposed fines to 34 companies.
Elsewhere the newspaper reports that a 34-year old Canadian “laundered” via a Cypriot bank more than $350 million that he won via illegal betting.
Other headlines:
- Parliament and Cultural Mansion remain ‘in papers’
- CSE up due to bank stocks
The “Economy” inset of newspaper “Phileleftheros” refers to the lower reservations in tourism. According to the report, reservations in September and October will not change and will drop by 20%, while reservations from the German market have a zero ratio.
Elsewhere the newspaper reports that the development projects are currently under evaluation taking into account the new data that emerged due to the crisis.
Other headlines:
- Credit cards blocked
- CY hotels are expensive
- Eurocypria financing a disaster
- CSE – Profits of 3.46%
The “Economy” inset of newspaper “Politis” refers to the European Commission’s draft proposal for the adoption of a number of measures that will aim at the elimination of tax evasion. According to the report, the main aim is to create a legal base that will allow the member states to take effective measures for the elimination of tax evasion by the VAT.
“Politis” also refers to the announcement of PASYPI trade union, which is against the financing of Eurocypria.
Other headlines:
- CSE: Significant gains of 2.22%
The “Economy” inset of newspaper “Simerini” refers to the reactions to the IMF view that ATA hits the competitiveness of the island’s economy and must be restructured. According to the report, the parties and the trade unions stated their arguments for the revision and/or change of calculation of ATA.
The newspaper also reports that the term “public consumption” does not include projects. According to the report, the Finance Ministry’s announcement that the increase in public consumption by 11.3% had a positive contribution to the island’s growth aroused strong feelings.
Other headlines:
- Salaries and price hikes
- News on CPC finding in September
- CAIR pilots threaten to take measures if Eurcypria is financed
- Significant gains in the CSE
- Support packages in 2010
The “Economy” inset of newspaper “Haravgi” hosts the statements of Finance Ministry Finance Director, Stavros Michael that the fiscal deficit will remain below 3% in 2009, while the collection of delayed taxes and the elimination of tax evasion will push state revenues up.
“Haravgi” also refers to the introduction of a single base via which the EU member states will be able to take measures against the cross border tax frauds.
Other headlines:
- CSE closed higher yesterday
- ATA is social and economic blessing
- PASYDY: Measures against tax evasion
The “Economy” inset of newspaper “Alithia” refers to the European Commission’s decisions for fines to 34 businesses. According to the report, it is estimated that the European economy suffered losses of €7.6 billion from seven cartels in 2005-2007. For the violation of the healthy competition rules, the European Commission imposed fines to 34 companies.
Elsewhere the newspaper reports that a 34-year old Canadian “laundered” via a Cypriot bank more than $350 million that he won via illegal betting.
Other headlines:
- Parliament and Cultural Mansion remain ‘in papers’
- CSE up due to bank stocks
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