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Press: Fourth test positive

13/05/2014 06:50
The major issue in today’s financial press is the draft of the updated memorandum to be handed to the government tomorrow.

The “Economy” inset of newspaper “Phileleftheros” refers to the draft of the updated memorandum to be handed to the government tomorrow. According to the report, from the negotiations it seems that in terms of the fiscal part Cyprus is going very well and it has surpassed the expectations of the creditors. The fiscal pillows created by the government allow a positive assessment by the troika for the fourth consecutive time.

Elsewhere the newspaper reports that EDEK presented a program of 150 proposals for growth and economic restructuring.

Other headlines:

-One more year of deferral for the passengers’ area

-In a rush for the early retirement scheme in Cyta

-Leptos: Four kinds of euros in Cyprus

-Improvement of climate but concerns too – Eurobarometer

The “Economy” inset of newspaper “Politis” refers to the meeting of the troika delegation with the Association of Land Developers. According to the report, in his statements after the meeting, Chairman of the Association, Giorgos Leptos, asked for time for the repayment of non-performing loans, stating that the Association has instructed its members to serve their loans.

“Politis” also reports that the new eurobarometer carried out in March showed significant drop in the pessimism for the prospects of the economy and the household.

Other headlines:

-Louis in agreement with the Russian Globus – To serve aircrafts

-Voices from the Larnaca citizens for the future of the town port

-Profits of 1.32% in the CSE

The “Economy” inset of newspaper “Simerini” refers to the updated memorandum to be handed to the Cypriot authorities by the troika tomorrow. According to all indications, the visit will be completed during the weekend with meetings with the Finance Minister and the CB Governor. This assessment is not expected to have any surprises since the meetings with the technocrats so far run smoothly.

The newspaper also highlights that Chairman of the House Institutions’ Committee, Demetris Syllouris raised new questions in relation to the capital outflows during the period when banks were closed.

Other headlines:

-Job posts with EU funds – Reboot of the economy a priority, EC says

-Electronic consolidation of former Laiki with BOCY on June 10

-EDEK: 150 proposals for the economy

-Optimism returns, eurobarometer says

The “Economy” inset of newspaper ‘Haravgi” refers to yesterday’s press conference of AKEL for the euro-elections. AKEL general secretary, Andros Kyprianou criticized the economic policy of the government.

“Haravgi” also reports that the criteria for the business plan are ready and the small-medium companies will submit their applications to secure funding.

Other headlines:

-Bringing back the governmental commitment for property tax

-Developers requested time

-Reduction of loan goes slowly

-Countdown for estate divestitures

The “Economy” inset of newspaper ‘Alithia” refers to the draft of the updated memorandum to be handed to the government tomorrow by the troika. According to sources, no particular differences are expected in the memorandum. However, what is constantly emphasized by the troika is the hastening of the legislative regulation of the non-performing loans.

Elsewhere the newspaper reports that the CSE announced yesterday the delisting of Orphanides shares.

Other headlines:

-The social problems of the elderly

-Cypriots more optimistic

-Towards economic growth – 150 proposals for the reboot of the economy: EDEK

-Globus – Louis agreement