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Press: Greek market, T/C compensations, building material

20/02/2006 08:59
The major issues in today’s financial press are the involvement of the Cypriot businessmen in the Greek market, the T/C ability to claim their properties in the free areas and CYSTAT’s data on the building material price index.

The “Economy” inset of newspaper “Phileleftheros” reports that Cypriot businessmen have become actively involved in the Greek market. According to the report, the competition of the Cyprus businesses has been “transferred” to the Greek market and there are more than 200 small, small-medium and large companies, which are actively involved in trade, industry and services.

Elsewhere the newspaper refers to the European Committee’s and ECOFIN’s report on the negative repercussions from the ageing population.

The newspaper “Politis” refers to the right that the T/C have to claim their properties in the free areas. According to the report, after Arif Mustafa, Ali Kiamil is claiming compensations for his property that has been expropriated by the state. If the state is forced to pay compensations to the T/C, the sum is calculated at £110 - £130 million.

The “Economy” inset of the newspaper refers to the annual income of the first 20 football clubs in Europe.

The “Economy” inset of newspaper “Simerini” refers to CYSTAT’s data on the building material price index. According to the report, the index increased by 4.24% in January 2006 (against Jan 2005), while the constant increase in the price of building material is not expected to affect the construction sector.

The “Economy” inset of newspaper “Alithia” refers to the “distinction” of Olympic Airlines and Aegean Airlines at a recent event held at the “Eleftehrios Venizelos International Airport” within the framework of the 6th Annual Conference of Marketing of Air Companies. Olympic Airlines was awarded with the prize of the rapidest developing company in the American and African market, while Aegean Airlines was awarded with the prize of the highest percentage development of passenger traffic in the domestic market and the highest increase in the number of passengers in 2005.

“Simerini” also highlights that the price of fuel products in January 2006 recorded the highest increase compared to January 2003-2005.

The newspaper “Haravgi” does not contain a financial inset.