07/10/2002 09:12
Major issues of today's financial press are the rate of inflation for the
nine-month period of 2002, the problems faced by Cyprus tourist industry, as well as the future of all temporary employees in public and educational service.
The "Economy" inset of newspaper "Phileleftheros" under the title "The rate of inflation for the nine-month period reached 2.81%" mentions that inflation will soon reach 3%, as according to Consumer Price Index, there is an increase on September 2002 compared to September 2001. According to the report, economists of "the private and public sector" estimate that increases in indirect taxes like VAT and consumer taxes during summer will accelerate the rate of
Inflation for the next few months of 2002.
The inflation until July 2002 - compared to the same period of 2001 -
Reached 2.58%, while for the 8-month period until August 2001 accelerated to 2.74%. The rate of inflation this year - compared to last year's 9-month period - reached 2.81%. According to the report, this data is expected to 'strengthen' Central Bank's unwillingness to proceed to a monetary policy laxity, as it basically confirms inflationary trends.
Elsewhere, the inset quotes that the unemployment in August reached 3.1%.
The "Economic" inset of newspaper "Simerini" highlights the problems faced by Cyprus tourist industry, mostly due to bureaucratic delays and reduced competitiveness. In addition, tourism suffers due to the expensive tourist package, the international recession, profiteering, the possibility of a war attack in the region, the constant increases in hotels' operational costs, The large number of rooms and amusement grounds, as well as the indefensible delays
on behalf of the government to elaborate the schemes it had announced.
Elsewhere, the newspaper cites the issue of disclosure of poll data and the requirements for the trade discipline code.
The newspaper "Alithia" under the title "Temporary employees: their dreams fall apart" highlights that according to state budget, temporary employees will not become permanent. The government - due to the large number of temporary employees in public and educational service - has requested the continuance of the renewal of the temporary contracts without restraints.
It is expected that temporary employees will definitely react, however,
Their requests may not be satisfied.
nine-month period of 2002, the problems faced by Cyprus tourist industry, as well as the future of all temporary employees in public and educational service.
The "Economy" inset of newspaper "Phileleftheros" under the title "The rate of inflation for the nine-month period reached 2.81%" mentions that inflation will soon reach 3%, as according to Consumer Price Index, there is an increase on September 2002 compared to September 2001. According to the report, economists of "the private and public sector" estimate that increases in indirect taxes like VAT and consumer taxes during summer will accelerate the rate of
Inflation for the next few months of 2002.
The inflation until July 2002 - compared to the same period of 2001 -
Reached 2.58%, while for the 8-month period until August 2001 accelerated to 2.74%. The rate of inflation this year - compared to last year's 9-month period - reached 2.81%. According to the report, this data is expected to 'strengthen' Central Bank's unwillingness to proceed to a monetary policy laxity, as it basically confirms inflationary trends.
Elsewhere, the inset quotes that the unemployment in August reached 3.1%.
The "Economic" inset of newspaper "Simerini" highlights the problems faced by Cyprus tourist industry, mostly due to bureaucratic delays and reduced competitiveness. In addition, tourism suffers due to the expensive tourist package, the international recession, profiteering, the possibility of a war attack in the region, the constant increases in hotels' operational costs, The large number of rooms and amusement grounds, as well as the indefensible delays
on behalf of the government to elaborate the schemes it had announced.
Elsewhere, the newspaper cites the issue of disclosure of poll data and the requirements for the trade discipline code.
The newspaper "Alithia" under the title "Temporary employees: their dreams fall apart" highlights that according to state budget, temporary employees will not become permanent. The government - due to the large number of temporary employees in public and educational service - has requested the continuance of the renewal of the temporary contracts without restraints.
It is expected that temporary employees will definitely react, however,
Their requests may not be satisfied.
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