13/10/2009 07:59
The major issues in today’s financial press are the reactions after the government’s decision to change the period of the VAT collection and the deterioration in the car market conditions.
The “Economy” inset of newspaper “Phileleftheros” refers to the businesses’ effort to change the government’s mind in relation to its decision to change the period of VAT payment. According to the report, CCCI, OEB and PASYXE agreed on the wrong choice of the time period and according to sources many companies appealed to courts.
Elsewhere the newspaper reports that PEO blames the hoteliers for the negative conditions in the hotel industry.
Other headlines:
- Imports in Jan –Aug slump 25% due to crisis – Exports down 20.1%
- Way to mutual funds opens – Proposed bill to Parliament
- Online sale of numismatic items
- Contractors demand incentives
- They agree in EVROKO
The “Economy” inset of newspaper “Politis” refers to the government’s decision to hasten the VAT payment period for the companies that pay tax of €1 million. According to the report, DIKO MP, Angelos Votsis and DISY MP, Averof Neophytou said that this decision might cause a scare and loss rater than a benefit.
“Politis” also refers to the meeting of SYNYKA, SIDIKEK, PASYPI, ASYSEKA and SYPKKA today to discuss the developments on the governmental proposal for the support of Eurocypria.
Other headlines:
- Bill amendments prepare ground – For the proper conditions for the promotion of mutual funds
- Construction industry down 30% - Need to take mesures
- CSE jumps 7.34%
The “Economy” inset of newspaper “Simerini” refers to the deterioration in the car market conditions. According to the report, the car importers will proceed with a second round of dismissals in November, which will concern more employees that in summer. Yesterday, the representatives of the Cat Importers’ Association had a meeting with the Presidential Commissioner, Titos Christofides and reiterated their proposal for the withdrawal plan and the replacement of old cars.
The newspaper also reports that used car sellers close their used car pounds due to piracy and crisis.
Other headlines:
- FINMIN – Not convincing for hastening of VAT payment
- Problems in the public service
- CSE jumps 7.34%
The “Economy” inset of newspaper “Haravgi” refers to the general meeting of the five Cyprus Airways trade unions, which will examine the prevailing conditions after the latest developments with Eurocypria.
“Haravgi” also highlights that according to the Central Bank, the online sale of numismatic items has been launched.
Other headlines:
- PEO: Conditional measures to support tourism
- Bill on hastening of VAT payment is constitutional – 19 EU member states have adopted the proposal. Only 2 out of the 77 companies disagreed
- Growth of 2010 lies to the private sector
- Big gains in the CSE
The “Economy” inset of newspaper “Alithia” refers to the government’s decision to hasten the period of VAT payment for the companies that pay tax of more than €1 million. According to the report, the organized parties and the Parliament are concerned about what will follow in relation to those companies during a period of crisis.
Elsewhere the newspaper reports that the construction industry fell 30%, according to Chairman of the Contractors’ Association, Sotos Lois.
Other headlines:
- Builds self-owned gas stations and sets prices – Station owners: Complaints on cartel ignored
- Discounts did not avert crisis – Car trade
- Week starts with gains
The “Economy” inset of newspaper “Phileleftheros” refers to the businesses’ effort to change the government’s mind in relation to its decision to change the period of VAT payment. According to the report, CCCI, OEB and PASYXE agreed on the wrong choice of the time period and according to sources many companies appealed to courts.
Elsewhere the newspaper reports that PEO blames the hoteliers for the negative conditions in the hotel industry.
Other headlines:
- Imports in Jan –Aug slump 25% due to crisis – Exports down 20.1%
- Way to mutual funds opens – Proposed bill to Parliament
- Online sale of numismatic items
- Contractors demand incentives
- They agree in EVROKO
The “Economy” inset of newspaper “Politis” refers to the government’s decision to hasten the VAT payment period for the companies that pay tax of €1 million. According to the report, DIKO MP, Angelos Votsis and DISY MP, Averof Neophytou said that this decision might cause a scare and loss rater than a benefit.
“Politis” also refers to the meeting of SYNYKA, SIDIKEK, PASYPI, ASYSEKA and SYPKKA today to discuss the developments on the governmental proposal for the support of Eurocypria.
Other headlines:
- Bill amendments prepare ground – For the proper conditions for the promotion of mutual funds
- Construction industry down 30% - Need to take mesures
- CSE jumps 7.34%
The “Economy” inset of newspaper “Simerini” refers to the deterioration in the car market conditions. According to the report, the car importers will proceed with a second round of dismissals in November, which will concern more employees that in summer. Yesterday, the representatives of the Cat Importers’ Association had a meeting with the Presidential Commissioner, Titos Christofides and reiterated their proposal for the withdrawal plan and the replacement of old cars.
The newspaper also reports that used car sellers close their used car pounds due to piracy and crisis.
Other headlines:
- FINMIN – Not convincing for hastening of VAT payment
- Problems in the public service
- CSE jumps 7.34%
The “Economy” inset of newspaper “Haravgi” refers to the general meeting of the five Cyprus Airways trade unions, which will examine the prevailing conditions after the latest developments with Eurocypria.
“Haravgi” also highlights that according to the Central Bank, the online sale of numismatic items has been launched.
Other headlines:
- PEO: Conditional measures to support tourism
- Bill on hastening of VAT payment is constitutional – 19 EU member states have adopted the proposal. Only 2 out of the 77 companies disagreed
- Growth of 2010 lies to the private sector
- Big gains in the CSE
The “Economy” inset of newspaper “Alithia” refers to the government’s decision to hasten the period of VAT payment for the companies that pay tax of more than €1 million. According to the report, the organized parties and the Parliament are concerned about what will follow in relation to those companies during a period of crisis.
Elsewhere the newspaper reports that the construction industry fell 30%, according to Chairman of the Contractors’ Association, Sotos Lois.
Other headlines:
- Builds self-owned gas stations and sets prices – Station owners: Complaints on cartel ignored
- Discounts did not avert crisis – Car trade
- Week starts with gains
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