16/06/2014 07:11
The major issues in today’s financial press are the presentations of the new Cypriot bonds of €500 million and the four proposals of the Greek Finance Minister, Gikas Hardouvelis to convert Cypriot crisis in an opportunity.
The “Economy” inset of newspaper “Phileleftheros” refers to the presentations of the new Cypriot bonds of €500 million. According to sources, the presentations will have character of a European campaign and will be conducted methodically, with continuity and sequence, in particular centers, capitals, preselected by the government's economic team. The first presentation in London will be held in the next few days.
Elsewhere the newspaper reports that the flow of reservations from Russia moves to normal levels, following an upward trend compared to last year.
Other headlines:
-Tomsen: Fiscal institutions want work
-Securing primary surplus at 1.5% of GDP on track
-Langarde owes an apology to Greece
-15.000 recruitments, Renzi promised
The “Economy” inset of newspaper “Politis” refers to the four proposals of the Greek Finance Minister, Gikas Hardouvelis to convert the Cypriot crisis into an opportunity. The Greek Finance Minister said the first concern is the geostrategic choice of Cyprus to stay in the eurozone, which seems to have been achieved despite the dramatic events of March 2013. The second concern is the Cypriots to follow consistently and rapidly what has been agreed with the Troika regarding structural reforms.
“Politis” also reports that the oil contracts recorded the highest weekly profits for 2014 last week.
Other headlines:
-Sluggish US recovery
-More unfavourable growth forecasts – Downward revision due to US, China and Russia
-Zero dependence on liquidity mechanism – For Greek banks according to BoG for May
-Wall Street Journal asked for the IMF’s apology to Greece
The newspaper “Simerini” refers to the Annual Report of the Electricity Authority of Cyprus. The General Auditor, in his report, stressed the need to take final decisions in relation to the BoD decision to adopt the new management plan for debtors to deal with the problems of arrears and more effective measures to secure the interests of EAC. The total amount owed to the Authority for the consumption of electricity on 31.12.2013 stood at €139 million.
The newspaper “Alithia” refers to the restart of talks for the restructuring in the local administration. As noted, the Interior Minister intends to engage in dialogue the parties and the competent organizations in an effort to help municipalities to reduce their operating expenses, which in many cases are related to wastes.
The “Economy” inset of the newspaper is the tribute that the international analysts and the foreign media give to Cyprus for its return to the international markets. Reuters said that the yields of the Cypriot bonds until 2020 will reach 4.74%, which places Cyprus in an advantageous position for the attraction of investments.
Other headlines:
-Plan to return to the markets with 7-year bond – Greece
-Fear of inflation in Europe
-Optimism for decline in oil prices
-Reforms and not measures - IMF
The “Economy” inset of newspaper “Phileleftheros” refers to the presentations of the new Cypriot bonds of €500 million. According to sources, the presentations will have character of a European campaign and will be conducted methodically, with continuity and sequence, in particular centers, capitals, preselected by the government's economic team. The first presentation in London will be held in the next few days.
Elsewhere the newspaper reports that the flow of reservations from Russia moves to normal levels, following an upward trend compared to last year.
Other headlines:
-Tomsen: Fiscal institutions want work
-Securing primary surplus at 1.5% of GDP on track
-Langarde owes an apology to Greece
-15.000 recruitments, Renzi promised
The “Economy” inset of newspaper “Politis” refers to the four proposals of the Greek Finance Minister, Gikas Hardouvelis to convert the Cypriot crisis into an opportunity. The Greek Finance Minister said the first concern is the geostrategic choice of Cyprus to stay in the eurozone, which seems to have been achieved despite the dramatic events of March 2013. The second concern is the Cypriots to follow consistently and rapidly what has been agreed with the Troika regarding structural reforms.
“Politis” also reports that the oil contracts recorded the highest weekly profits for 2014 last week.
Other headlines:
-Sluggish US recovery
-More unfavourable growth forecasts – Downward revision due to US, China and Russia
-Zero dependence on liquidity mechanism – For Greek banks according to BoG for May
-Wall Street Journal asked for the IMF’s apology to Greece
The newspaper “Simerini” refers to the Annual Report of the Electricity Authority of Cyprus. The General Auditor, in his report, stressed the need to take final decisions in relation to the BoD decision to adopt the new management plan for debtors to deal with the problems of arrears and more effective measures to secure the interests of EAC. The total amount owed to the Authority for the consumption of electricity on 31.12.2013 stood at €139 million.
The newspaper “Alithia” refers to the restart of talks for the restructuring in the local administration. As noted, the Interior Minister intends to engage in dialogue the parties and the competent organizations in an effort to help municipalities to reduce their operating expenses, which in many cases are related to wastes.
The “Economy” inset of the newspaper is the tribute that the international analysts and the foreign media give to Cyprus for its return to the international markets. Reuters said that the yields of the Cypriot bonds until 2020 will reach 4.74%, which places Cyprus in an advantageous position for the attraction of investments.
Other headlines:
-Plan to return to the markets with 7-year bond – Greece
-Fear of inflation in Europe
-Optimism for decline in oil prices
-Reforms and not measures - IMF
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