14/02/2006 09:29
The major issues in today’s financial press are the European Commission’s figures on the impacts from the ageing population, Frou-Frou’s decision to withdraw its interest on the submission of the public offer for the acquisition of Lanitis Bros and the trade unions’ work stoppage to protest against the Bolkenstein directive.
The “Economy” inset of newspaper “Phileleftheros” refers to the European Commission’s study on the impacts from the ageing population. According to the report, the EU public finances will be affected negatively by the ageing population and the subsequent pressures on the social security system and medical care in the next 45 years. In Cyprus, the number of the elderly people will increase sharply by 2050, the average annual variation rate of GDP will slow down from 4.3% in 2004-2010 to 3.5% in 2011-2030 and 1.9% in 2031-2050. The expenditure for pensions will increase by 12.9% in 2004-2050.
Elsewhere the newspaper reports that the euro will “intrude” in our lives via the CSE.
The “Economy” inset of newspaper “Politis” refers to the announcement of Alkis Hadjikyriakos (Frou-Frou) according to which the company withdraws its interest in submitting a public offer for the acquisition of Lanitis Bros. According to the report, the listed company Lanitis Bros was a target for the Greek company Coca Cola 3E, whose the US company The Coca Cola Company is one of its major shareholders. This means that the Greek company had the upper hand against any other competitor.
“Politis” also refers to the research of the Economics Research Center of the University of Cyprus according to which there is a causation relation from the fluctuation of the yields in the CSE to the fluctuation of the growth rates.
The “Economy” inset of newspaper “Simerini” highlights that the trade unions have declared a work stoppage from 11.30 am to 12.00 pm to protest against the Bolkenstein directive for the liberalization in the provision of services in the EU interal market. According to the report, although the trade unions urged their members to participate in the stoppage, OEB urged its members to cut the salary of all those who will stage a strike.
The newspaper also reports that according to Greek websites, Laiki and Marfin are “making plans” for a “merger”.
The newspaper “Haravgi” refers to the trade unions’ work stoppage against the Bolkenstein directive. According to the report, the strikers “will send a message” to the EU for an immediate withdrawal of the directive.
The “Economy” inset of the newspaper refers to the House Finance Committee’s session during which representatives of the Ports’ Authority said that the management of the Larnaca port will be assigned to a strategic investor in late 2006.
The “Economy” inset of newspaper “Alithia” reports that the trade unions will stage a 30-minute strike today against the Bolkenstein directive for the liberalization of services.
Elsewhere the newspaper highlights that the modernization of the state budget is one of the top priorities of the Finance Ministry in 2006, since the EU philosophy “imposes” budgets with a three-year horizon.
The “Economy” inset of newspaper “Phileleftheros” refers to the European Commission’s study on the impacts from the ageing population. According to the report, the EU public finances will be affected negatively by the ageing population and the subsequent pressures on the social security system and medical care in the next 45 years. In Cyprus, the number of the elderly people will increase sharply by 2050, the average annual variation rate of GDP will slow down from 4.3% in 2004-2010 to 3.5% in 2011-2030 and 1.9% in 2031-2050. The expenditure for pensions will increase by 12.9% in 2004-2050.
Elsewhere the newspaper reports that the euro will “intrude” in our lives via the CSE.
The “Economy” inset of newspaper “Politis” refers to the announcement of Alkis Hadjikyriakos (Frou-Frou) according to which the company withdraws its interest in submitting a public offer for the acquisition of Lanitis Bros. According to the report, the listed company Lanitis Bros was a target for the Greek company Coca Cola 3E, whose the US company The Coca Cola Company is one of its major shareholders. This means that the Greek company had the upper hand against any other competitor.
“Politis” also refers to the research of the Economics Research Center of the University of Cyprus according to which there is a causation relation from the fluctuation of the yields in the CSE to the fluctuation of the growth rates.
The “Economy” inset of newspaper “Simerini” highlights that the trade unions have declared a work stoppage from 11.30 am to 12.00 pm to protest against the Bolkenstein directive for the liberalization in the provision of services in the EU interal market. According to the report, although the trade unions urged their members to participate in the stoppage, OEB urged its members to cut the salary of all those who will stage a strike.
The newspaper also reports that according to Greek websites, Laiki and Marfin are “making plans” for a “merger”.
The newspaper “Haravgi” refers to the trade unions’ work stoppage against the Bolkenstein directive. According to the report, the strikers “will send a message” to the EU for an immediate withdrawal of the directive.
The “Economy” inset of the newspaper refers to the House Finance Committee’s session during which representatives of the Ports’ Authority said that the management of the Larnaca port will be assigned to a strategic investor in late 2006.
The “Economy” inset of newspaper “Alithia” reports that the trade unions will stage a 30-minute strike today against the Bolkenstein directive for the liberalization of services.
Elsewhere the newspaper highlights that the modernization of the state budget is one of the top priorities of the Finance Ministry in 2006, since the EU philosophy “imposes” budgets with a three-year horizon.
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