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Press: Loizides, Church and taxation

08/03/2005 09:16
The major issues in today’s financial press are the latest developments in the Hellenic Bank and Cyprus Airways, the retail trade and unemployment.

The “Economy” inset of newspaper “Phileleftheros” refers to the scheduled extraordinary meeting of the Hellenic Bank Board of Directors, which will decide on the future of the Managing Director, Constantinos Loizides, and the role of the Central Bank, the major shareholders, the Church, the Bank of Cyprus, the Popular Bank and Universal Life.

Elsewhere the newspaper reports that the preparations for the arrival of the German chain super markets Lidl have entered the final stage. According to the report, Lidl is in search of properties and staff.

The “Economy” inset of newspaper “Politis” highlights that the Hellenic Bank has denied allegations for the termination of the terms of office of Constantinos Loizides although part of the shareholders would be satisfied with this decision.

“Politis” also refers to the competition among the air companies for the flights to Athens and Salonica.

The “Economy” inset of newspaper “Simerini” reports that unemployment in February stood at 5.3%, with the number of people out of work being higher by 2400 persons than February 2004.

The newspaper also refers to the estimates of the Metropolitan Bishop of Paphos that the Church will reach an agreement with the government for its taxation.

The “Economy” inset of newspaper “Haravgi” reports that two companies from the Netherlands and the UK have expressed their interest for the acquisition of Hellas Jet. The Dutch company would like to acquire 75% of the shares of the subsidiary.

“Haravgi” also refers to POVEK’S reactions to the statements of businessman Nikos Siakolas on the opening hours of the shops and stores.

The “Economy” inset of newspaper “Alithia” refers to the trading of G/C goods in the occupied territories. According to the report, MGC Group has been selected by Rockefeller to find the best way for the promotion of the bi-communal trading.

Elsewhere the newspaper reports that Lord Kilklooney assured the British who have bought properties in the occupied territories that they will not lose them.