14/09/2004 08:51
The major issues in today’s financial press are the signing of the agreement in the hotel industry, the submission of the state budget to the Council of Ministers and the statements of the government spokesman on the CB Governor, Christodoulos Christodoulou.
The “Economy” inset of newspaper “Phileleftheros” refers to the scheduled presentation of the state budget to the Council of Ministers today. The budget will stand at £3.5 billion against £3.4 billion in 2003. The state revenues must increase by £200 million so as to reduce the fiscal deficit below 3%.
Elsewhere the newspaper reports that the efforts of the 25 EU member states to find the methodology for the fiscal prospects have been unsuccessful. The proposal of the Dutch Presidency for the freezing of the EU expenditure has not been adopted by the EU countries.
The newspaper “Politis” highlights that the government spokesman did not cover the Central Bank Governor, Christodoulos Christodoulou on the offering of educational seminars to bank clerks from an organization that participate members of the Governor’s family. The newspaper also refers to the statements of the DISY MP and Chairman of the House Audit Committee, Christos Pourgourides that the political behaviour must be criticized based on reprehensibility and not on its irregularity.
The “Economy” inset of the newspaper reports that the Central Bank, the Securities and Exchange Commission and the State Insurance Superintendent are considering introducing the institution of “Financial Commissioner”, responsible for the settlement of the disputes between the financial companies and their customers.
The “Economy” inset of newspaper “Haravgi” refers to the statements of the Transport Minister, Haris Thrasou on Cyprus Airways and the need for a codification of the posts of the Board of Directors and the trade unions in order to adopt the action plan. Possible dismissals in the air carrier will concern the entire pyramid of the employees.
“Haravgi” also refers to the signing of the agreement for the union contract in the hotel industry.
The “Economy” inset of newspaper “Simerini” deals with the signing of the agreement in the hotel industry which is “good for the future of the labour peace”. According to the statements of the Labour Minister, Christos Taliadoros, the behaviour of the two parties on the negotiation table was exemplary.
Elsewhere the newspaper refers to the ceremony of the appointment of Andreas Theophanous as the administrator of the Power Transport System by the Cyprus President, Tassos Papadopoulos.
The “Economy” inset of newspaper “Alithia” reports that the Investigation Committee will submit to the Council of Ministers the findings on the CSE scandal 1999-2000 next week.
“Alithia” also highlights that despite the intentions of the Cyprus Airways Board Chairman to proceed to dismissals in the air carrier, there has been no mention of a dismissal of high ranking officials. The dismissal plan will soon be an issue of dispute between the company and the employees.
The “Economy” inset of newspaper “Phileleftheros” refers to the scheduled presentation of the state budget to the Council of Ministers today. The budget will stand at £3.5 billion against £3.4 billion in 2003. The state revenues must increase by £200 million so as to reduce the fiscal deficit below 3%.
Elsewhere the newspaper reports that the efforts of the 25 EU member states to find the methodology for the fiscal prospects have been unsuccessful. The proposal of the Dutch Presidency for the freezing of the EU expenditure has not been adopted by the EU countries.
The newspaper “Politis” highlights that the government spokesman did not cover the Central Bank Governor, Christodoulos Christodoulou on the offering of educational seminars to bank clerks from an organization that participate members of the Governor’s family. The newspaper also refers to the statements of the DISY MP and Chairman of the House Audit Committee, Christos Pourgourides that the political behaviour must be criticized based on reprehensibility and not on its irregularity.
The “Economy” inset of the newspaper reports that the Central Bank, the Securities and Exchange Commission and the State Insurance Superintendent are considering introducing the institution of “Financial Commissioner”, responsible for the settlement of the disputes between the financial companies and their customers.
The “Economy” inset of newspaper “Haravgi” refers to the statements of the Transport Minister, Haris Thrasou on Cyprus Airways and the need for a codification of the posts of the Board of Directors and the trade unions in order to adopt the action plan. Possible dismissals in the air carrier will concern the entire pyramid of the employees.
“Haravgi” also refers to the signing of the agreement for the union contract in the hotel industry.
The “Economy” inset of newspaper “Simerini” deals with the signing of the agreement in the hotel industry which is “good for the future of the labour peace”. According to the statements of the Labour Minister, Christos Taliadoros, the behaviour of the two parties on the negotiation table was exemplary.
Elsewhere the newspaper refers to the ceremony of the appointment of Andreas Theophanous as the administrator of the Power Transport System by the Cyprus President, Tassos Papadopoulos.
The “Economy” inset of newspaper “Alithia” reports that the Investigation Committee will submit to the Council of Ministers the findings on the CSE scandal 1999-2000 next week.
“Alithia” also highlights that despite the intentions of the Cyprus Airways Board Chairman to proceed to dismissals in the air carrier, there has been no mention of a dismissal of high ranking officials. The dismissal plan will soon be an issue of dispute between the company and the employees.
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