14/08/2014 06:57
The major issue in today’s financial press is the proceedings to achieve the necessary convergences so as to approve the foreclosures bill and the new message of the troika to the parties.
The “Economy” inset of newspaper “Phileleftheros” refers to the postponement of the background deliberations until Monday for the foreclosures bill ahead of the 15th of August. As noted, what has been agreed in the background in order to secure a positive vote by DIKO should not be taken for granted since they must be approved by the troika, which sent a message again that substantial changes will not be accepted.
Elsewhere the newspaper reports that the applications for the minimum guaranteed income exceeded 20 thousand.
Other headlines:
-Deficit in second quarter at €11.6m
-Opposition criticizes government, CB and DISY
-Proper adoption of the Cyprus labour law
-Gains for many funds – Positive half for investment insurance funds
The “Economy” inset of newspaper “Politis” refers to the new provisions that the technocrats of the Finance Ministry and the Attorney General are trying to shape to accompany the draft law for the acceleration of the foreclosures procedure. According to the report, the Finance Minister has ordered to identify intervention sectors and to prepare the relevant texts so that the new package of legislations to accompany the foreclosures bill to be forwarded at the end of August.
“Politis” also reports that the fiscal deficit in the first half of 2014 stood at €22 million, 0.2% of GDP from €214.8 million, 1.3% of GDP in the corresponding period of 2013.
Other headlines:
-Increase in self-employed at 17%
-Lower recession – Greek performance better than expected
-CSE ended lower
-ASE went up for the third day
The “Economy” inset of newspaper “Simerini” refers to the feverish proceedings of the government and the parties for the preparation of the insolvency bills that will accompany the foreclosures bill to be tabled to the Parliament. As noted, the Finance Minister gave instructions to the Ministry’s technocrats to work hard to prepare the bills.
The newspaper also reports that according to Central Bank data, the liquidity support of the banking system by the CB fell by €650 million in July to €9.53 billion from €10.18 billion in June.
Other headlines:
-Submission of applications for EEE continues
-Self-employed in Cyprus reach 17%
-Mass legal action by old BOCY shareholders
-Loan to Cyprus to the Duma
The newspaper “Haravgi” refers to the possible approval of the foreclosures bill without safeguards. As indicated by the parties, the non-passage of the bill could lead to the cliff, as claimed by the government and the CB, but the possible passage of the bill without safeguards for the first residence and commercial property is leading to the stream, with tremendous implications.
The “Economy” inset of the newspaper reports that Moscow and Cairo examine the prospect of a free trade agreement as Russia will increase the wheat exports to Egypt and the agri-food products from this country.
Other headlines:
-Delek extension for interim solution
-Dependence of banks at €9.53bn
The newspaper “Alithia” reports that CB Governor, Chrystalla Georghadji announced that they work on the bill for unfair bank. As mentioned, DISY works towards this direction too. The party has prepared draft laws to end such unfair terms in favour of the banks to relieve borrowers.
The “Economy” inset of the newspaper refers to the immediate staffing of the Fiscal Council. With a circular, Finance Ministry General Manager, Christos Patsalides said that the detachment of three officers is necessary. The two positions concern officers and the third head, chief officer or officer A, however the full staffing will take some years.
Other headlines:
-More than 20k applications for EEE
-BOCY reduces dependency
-Slight reduction of industrial production
-Power cuts
The “Economy” inset of newspaper “Phileleftheros” refers to the postponement of the background deliberations until Monday for the foreclosures bill ahead of the 15th of August. As noted, what has been agreed in the background in order to secure a positive vote by DIKO should not be taken for granted since they must be approved by the troika, which sent a message again that substantial changes will not be accepted.
Elsewhere the newspaper reports that the applications for the minimum guaranteed income exceeded 20 thousand.
Other headlines:
-Deficit in second quarter at €11.6m
-Opposition criticizes government, CB and DISY
-Proper adoption of the Cyprus labour law
-Gains for many funds – Positive half for investment insurance funds
The “Economy” inset of newspaper “Politis” refers to the new provisions that the technocrats of the Finance Ministry and the Attorney General are trying to shape to accompany the draft law for the acceleration of the foreclosures procedure. According to the report, the Finance Minister has ordered to identify intervention sectors and to prepare the relevant texts so that the new package of legislations to accompany the foreclosures bill to be forwarded at the end of August.
“Politis” also reports that the fiscal deficit in the first half of 2014 stood at €22 million, 0.2% of GDP from €214.8 million, 1.3% of GDP in the corresponding period of 2013.
Other headlines:
-Increase in self-employed at 17%
-Lower recession – Greek performance better than expected
-CSE ended lower
-ASE went up for the third day
The “Economy” inset of newspaper “Simerini” refers to the feverish proceedings of the government and the parties for the preparation of the insolvency bills that will accompany the foreclosures bill to be tabled to the Parliament. As noted, the Finance Minister gave instructions to the Ministry’s technocrats to work hard to prepare the bills.
The newspaper also reports that according to Central Bank data, the liquidity support of the banking system by the CB fell by €650 million in July to €9.53 billion from €10.18 billion in June.
Other headlines:
-Submission of applications for EEE continues
-Self-employed in Cyprus reach 17%
-Mass legal action by old BOCY shareholders
-Loan to Cyprus to the Duma
The newspaper “Haravgi” refers to the possible approval of the foreclosures bill without safeguards. As indicated by the parties, the non-passage of the bill could lead to the cliff, as claimed by the government and the CB, but the possible passage of the bill without safeguards for the first residence and commercial property is leading to the stream, with tremendous implications.
The “Economy” inset of the newspaper reports that Moscow and Cairo examine the prospect of a free trade agreement as Russia will increase the wheat exports to Egypt and the agri-food products from this country.
Other headlines:
-Delek extension for interim solution
-Dependence of banks at €9.53bn
The newspaper “Alithia” reports that CB Governor, Chrystalla Georghadji announced that they work on the bill for unfair bank. As mentioned, DISY works towards this direction too. The party has prepared draft laws to end such unfair terms in favour of the banks to relieve borrowers.
The “Economy” inset of the newspaper refers to the immediate staffing of the Fiscal Council. With a circular, Finance Ministry General Manager, Christos Patsalides said that the detachment of three officers is necessary. The two positions concern officers and the third head, chief officer or officer A, however the full staffing will take some years.
Other headlines:
-More than 20k applications for EEE
-BOCY reduces dependency
-Slight reduction of industrial production
-Power cuts
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