21/08/2012 08:39
The major issues in today’s financial press are the Church’s cutbacks due to the financial crisis, the proposal approved by the Council of Ministers for extending the services of the four sages for the natural gas with revenues of €625 a day for each one of them, the appointment of new Board members in Cyprus Airways and the lifting of the banking secrecy of Russian companies in Cyprus.
The daily press focuses on the government’s efforts to avoid a possible collapse of the Chinese investment at the old Larnaca airport, the number of options that Bank of Cyprus is considering to strengthen its capital base and to protect its balance sheet, Cystat’s data on Cypriots’ trips in July and the registration of investments by CIPA in early September.
The newspaper “Phileleftheros” refers to the Church’s cutbacks due to the financial crisis, which is expected to affect the employees. The Holy Synod will meet on September 4 to examine a tiered salary cut of staff employed by religious organizations.
The “Economy” inset of the newspaper refers to the appointment of new Board members in Cyprus Airways.
Other headlines:
- Restructuring of Coops
- Fuel prices go up
- Registration of major investments by CIPA
- Exchange of loan portfolios among the banks
The newspaper “Politis” refers to the proposal approved by the Council of Ministers for extending the services of the four sages on natural gas with income of €625 a day for each one of them.
The “Economy” inset of the newspaper refers to the number of options that Bank of Cyprus is considering to strengthen its capital base and to protect its balance sheet. The options include the exchange of assets with one of the Greek banks that are active in Cyprus.
Other headlines:
- Transparency and assignment of responsibilities now
- Lies and libels – Orphanides’ answer to reports
- Dinner of compromise – Merkel and Hollande to seek for a single line
- Back to losses
The newspaper “Simerini” refers to the lifting of the banking secrecy of Russian companies in Cyprus. According to the report, MOKAS opened the accounts of companies related to two former executive members of the Bank of Moscow. The lifting of secrecy was requested by Moscow.
The “Economy” inset of the newspaper highlights that the government will try to reverse data for the old airport tomorrow.
Other headlines:
- Investments registered
- New Board, difficult course
- Date of next troika’s visit not determined yet
- DISY: The difficult part is now
The “Economy” inset of newspaper “Haravgi” reports that CIPA is expected to write down the major investments in early September. The registration concerns investments that are either underway or in the process of permit or there is an interest in them.
“Haravgi” also refers to the study on the ready-made concrete.
Other headlines:
- Exchange of assets of Bank of Cyprus with Alpha Bank
- Diplomatic fever in the euro area
- ECB denies reports on purchase of bonds
The “Economy” inset of newspaper “Alithia” refers to Cystat’s data on Cypriots’ travelling abroad in July. Trips fell by 3.2% for the month.
Elsewhere the newspaper reports that the Ecologists demand investigations in the banks.
Other headlines:
- BOCY considering exchanging assets with a Greek bank
- Reactions to prospect of bond purchase by ECB
- Study on quality of ready-made concrete
- Activities drop – Industry
The daily press focuses on the government’s efforts to avoid a possible collapse of the Chinese investment at the old Larnaca airport, the number of options that Bank of Cyprus is considering to strengthen its capital base and to protect its balance sheet, Cystat’s data on Cypriots’ trips in July and the registration of investments by CIPA in early September.
The newspaper “Phileleftheros” refers to the Church’s cutbacks due to the financial crisis, which is expected to affect the employees. The Holy Synod will meet on September 4 to examine a tiered salary cut of staff employed by religious organizations.
The “Economy” inset of the newspaper refers to the appointment of new Board members in Cyprus Airways.
Other headlines:
- Restructuring of Coops
- Fuel prices go up
- Registration of major investments by CIPA
- Exchange of loan portfolios among the banks
The newspaper “Politis” refers to the proposal approved by the Council of Ministers for extending the services of the four sages on natural gas with income of €625 a day for each one of them.
The “Economy” inset of the newspaper refers to the number of options that Bank of Cyprus is considering to strengthen its capital base and to protect its balance sheet. The options include the exchange of assets with one of the Greek banks that are active in Cyprus.
Other headlines:
- Transparency and assignment of responsibilities now
- Lies and libels – Orphanides’ answer to reports
- Dinner of compromise – Merkel and Hollande to seek for a single line
- Back to losses
The newspaper “Simerini” refers to the lifting of the banking secrecy of Russian companies in Cyprus. According to the report, MOKAS opened the accounts of companies related to two former executive members of the Bank of Moscow. The lifting of secrecy was requested by Moscow.
The “Economy” inset of the newspaper highlights that the government will try to reverse data for the old airport tomorrow.
Other headlines:
- Investments registered
- New Board, difficult course
- Date of next troika’s visit not determined yet
- DISY: The difficult part is now
The “Economy” inset of newspaper “Haravgi” reports that CIPA is expected to write down the major investments in early September. The registration concerns investments that are either underway or in the process of permit or there is an interest in them.
“Haravgi” also refers to the study on the ready-made concrete.
Other headlines:
- Exchange of assets of Bank of Cyprus with Alpha Bank
- Diplomatic fever in the euro area
- ECB denies reports on purchase of bonds
The “Economy” inset of newspaper “Alithia” refers to Cystat’s data on Cypriots’ travelling abroad in July. Trips fell by 3.2% for the month.
Elsewhere the newspaper reports that the Ecologists demand investigations in the banks.
Other headlines:
- BOCY considering exchanging assets with a Greek bank
- Reactions to prospect of bond purchase by ECB
- Study on quality of ready-made concrete
- Activities drop – Industry
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