19/08/2014 09:06
The major issues in today’s financial press are the decisions for the foreclosure of mortgaged properties and the insolvency framework to be announced by the President of the Republic next Wednesday after the end of the meeting of the Council of Ministers.
Other issues concern Cystat’s data on tourist arrivals in July and the legal actions against the banks for overcharges in loans, current accounts and credit cards by the Coalition of Small Business and Self Employed.
The “Economy” inset of newspaper “Phileleftheros” refers to the decisions for the foreclosures of mortgaged properties as well as the insolvency framework to be announced by President Anastasiades next Wednesday after the meeting of the Council of Ministers. According to the report, the foreclosures bill will be accompanied by a number of measures in an effort to ease the reactions of the parties and citizens. The bill will be accompanied by the approval of the insolvency framework while they are looking ways so that some parameters of the deontology code of the CB are institutionalized.
Elsewhere the newspaper reports that the parties are waiting for the foreclosures.
Other headlines:
-Hassikos: Mea culpa for transfer duties
-SEC prepared report on money laundering
-Euro-banks are expected to borrow €250bn
The “Economy” inset of newspaper “Politis” refers to the decisions for the foreclosures of mortgaged properties as well as the insolvency framework to be announced by President Anastasiades after the end of the meeting of the Council of Ministers. According to the report, the legal drafting of the insolvency law which would limit the reactions of the parties on foreclosures will be delayed. It is noted that the framework for insolvency will be sent to Parliament for approval, then it will be signed by the President and will be published in the Gazette in a way that the government will be committed.
“Politis” also refers to Cystat’s data on tourist arrivals in July.
Other headlines:
-Sale of subsidiary in Ukraine – Eurobank
-Legal actions against banks
-Say ‘yes’ to increases
-EU takes first measures for the support of farmers
The “Economy” inset of newspaper “Simerini” refers to the decisions for the foreclosures of mortgaged properties as well as the insolvency framework to be announced by the President next Wednesday after the meeting of the Council of Ministers. According to the report, the existing bill will be accompanied by bills aiming at the protection of the first residence of the vulnerable groups and the insolvency framework. At yesterday’s meeting, it was decided not to have amendments on the exiting bill but to be accompanied by other bills.
The newspaper also reports that according to the President’s statements on July 30, the measures included in the bills will concern the CB directive for the restructuring of loans and the ombudsman, the insolvency framework and the protection of the first residence through the Land Development Organization.
Other issues:
-Ecologists: No foreclosures without significant amendments
-General Auditor’s report to Tax Superintendent
The “Economy” inset of newspaper “Haravgi” reports that the recreation centers have been reduced to 380 from 710 in 2010. In Paphos, almost half of them have closed.
“Haravgi” also refers to the legal actions against the banks for overcharges in loans, current accounts and credit cards by the Coalition of Small Businesses and Self-Employed.
Other headlines:
-Increase of 5.9% in arrivals due to Russia
-EU requested wage increase from Germany
-“Lower the euro bar”
The newspaper “Alithia” refers to the decisions for the foreclosures of mortgaged properties and the insolvency framework to be announced by President Anastasiades after the end of the meeting of the Council of Ministers. According to the report, with the strong involvement of the President of the Republic it is estimated that a solution will be found on the foreclosures of mortgaged loans. It is noted that beyond the laws to be tabled in parliament and other parallel measures to protect vulnerable groups, the President is expected to make another move in order to convince the parliament for the safety net of the vulnerable borrowers.
The “Economy” inset of the newspaper reports that the European Commission announced the release of €125 million for the support of the fruit and vegetable sector of the EU, which is being hit by the Russian embargo.
Other headlines:
-Half recreation centers in Paphos closed
-Increased tourist flow
-To Egypt for hydrocarbons
-Actions against banks
Other issues concern Cystat’s data on tourist arrivals in July and the legal actions against the banks for overcharges in loans, current accounts and credit cards by the Coalition of Small Business and Self Employed.
The “Economy” inset of newspaper “Phileleftheros” refers to the decisions for the foreclosures of mortgaged properties as well as the insolvency framework to be announced by President Anastasiades next Wednesday after the meeting of the Council of Ministers. According to the report, the foreclosures bill will be accompanied by a number of measures in an effort to ease the reactions of the parties and citizens. The bill will be accompanied by the approval of the insolvency framework while they are looking ways so that some parameters of the deontology code of the CB are institutionalized.
Elsewhere the newspaper reports that the parties are waiting for the foreclosures.
Other headlines:
-Hassikos: Mea culpa for transfer duties
-SEC prepared report on money laundering
-Euro-banks are expected to borrow €250bn
The “Economy” inset of newspaper “Politis” refers to the decisions for the foreclosures of mortgaged properties as well as the insolvency framework to be announced by President Anastasiades after the end of the meeting of the Council of Ministers. According to the report, the legal drafting of the insolvency law which would limit the reactions of the parties on foreclosures will be delayed. It is noted that the framework for insolvency will be sent to Parliament for approval, then it will be signed by the President and will be published in the Gazette in a way that the government will be committed.
“Politis” also refers to Cystat’s data on tourist arrivals in July.
Other headlines:
-Sale of subsidiary in Ukraine – Eurobank
-Legal actions against banks
-Say ‘yes’ to increases
-EU takes first measures for the support of farmers
The “Economy” inset of newspaper “Simerini” refers to the decisions for the foreclosures of mortgaged properties as well as the insolvency framework to be announced by the President next Wednesday after the meeting of the Council of Ministers. According to the report, the existing bill will be accompanied by bills aiming at the protection of the first residence of the vulnerable groups and the insolvency framework. At yesterday’s meeting, it was decided not to have amendments on the exiting bill but to be accompanied by other bills.
The newspaper also reports that according to the President’s statements on July 30, the measures included in the bills will concern the CB directive for the restructuring of loans and the ombudsman, the insolvency framework and the protection of the first residence through the Land Development Organization.
Other issues:
-Ecologists: No foreclosures without significant amendments
-General Auditor’s report to Tax Superintendent
The “Economy” inset of newspaper “Haravgi” reports that the recreation centers have been reduced to 380 from 710 in 2010. In Paphos, almost half of them have closed.
“Haravgi” also refers to the legal actions against the banks for overcharges in loans, current accounts and credit cards by the Coalition of Small Businesses and Self-Employed.
Other headlines:
-Increase of 5.9% in arrivals due to Russia
-EU requested wage increase from Germany
-“Lower the euro bar”
The newspaper “Alithia” refers to the decisions for the foreclosures of mortgaged properties and the insolvency framework to be announced by President Anastasiades after the end of the meeting of the Council of Ministers. According to the report, with the strong involvement of the President of the Republic it is estimated that a solution will be found on the foreclosures of mortgaged loans. It is noted that beyond the laws to be tabled in parliament and other parallel measures to protect vulnerable groups, the President is expected to make another move in order to convince the parliament for the safety net of the vulnerable borrowers.
The “Economy” inset of the newspaper reports that the European Commission announced the release of €125 million for the support of the fruit and vegetable sector of the EU, which is being hit by the Russian embargo.
Other headlines:
-Half recreation centers in Paphos closed
-Increased tourist flow
-To Egypt for hydrocarbons
-Actions against banks
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