18/06/2014 07:44
The major issues in today’s financial press are today’s meeting of the Council of Ministers, which is expected to approve the bill on the minimum guaranteed income and the possible issue of bond of 500 million in the week.
The “Economy” inset of newspaper ‘Phileleftheros” refers to today’s meeting of the Council of Ministers, which is expected to approve the bill on the minimum guaranteed income from July 1. According to the report, the minimum guaranteed income will start from €480 per month with additional grants depending on the marital status of the recipient. Specifically, for each member of the family over 14 years, including the spouse, another 50% will be calculated, while for each member 14 years old and under an additional 30% of the basic amount will be calculated.
Elsewhere the newspaper reports that Eurobank CEO, Christos Megalou said that the effort of the Republic to return to the international markets is a very positive development.
Other headlines:
-Public employees reduced by 4.359 for the period 2010 – 2014
-Public discussion of the FINMIN for funds of €960m
-Interest in old port
-CAIR to survive the winter 2015
The “Economy” inset of newspaper ‘Politis” refers to the possible issue of bond of €500 million in the week. The President of the Republic, in his speech during the ceremony of the Uclan University in Larnaca, said he hopes that this week will he win the bet, a year earlier than it was said, to stabilize the country's credibility to become credit worthy again and go out to the markets. The valuation of the Cypriot bonds on the secondary market is the baromeer.
“Politis” also reports that according to Eurostat data, the average hourly labour cost in Cyprus fell 6.9% in nominal prices in the first quarter of 2014 compared to the corresponding period of 2013.
Other headlines:
-Today to the Council of Min, tomorrow to Parliament
-Sale of slot is not enough – Investors necessary for the survival of CAIR, nut mostly the EU’s ok
-Losses of 0.22% in the CSE
-New milder losses - ASE
The “Economy” inset of newspaper “Simerini” refers to the issue of possible enrichment of officials and other civil servants entered for discussion in the House Institutions Committee. As mentioned, the IRD should investigate and prepare state capital for all those who have or had office that gives them the chance to gain income, which was not declared or was and is product of exploitation of their position.
The newspaper also reports that the MPs were given yesterday a new list with the numbers of debtors and the amounts they have to pay.
Other headlines:
-In uncertain course – CAIR
-Countdown for Cyprus’s return to the markets
The newspaper ‘Haravgi” refers to the bill for the minimum guaranteed income to be approved by the Council of Ministers today. According to the report, the new system for the support of the lower classes of population with the minimum guaranteed income is much lower than the circumstances.
The “Economy” inset of the newspaper refers to the data submitted to the Parliament by the Finance Ministry for the debts to the VAT. According to them, 242 persons or companies owe to the VAT €156 million. This means that 2.4% of the persons who have outstanding VAT owes 73.2% of the total amount.
Other headlines:
-Seizure of accounts at €3000 instead of €200
-Black page in the history of CAIR
-First in salary cuts
The newspaper “Alithia” refers to Cyprus’s return to the international markets. According to the report, the presentation was made in London yesterday, while today or tomorrow the latest an official announcement for the issue of bond of €500 million is anticipated.
The “Economy” inset of the newspaper refers to the visit of the Greek administration of Eurobank in Cyprus. As noted, the members of the administration visited Nicosia and spoke to a reporters’ breakfast. The members of the Greek administration support optimism in the positive state of public finances and the positive performance of important sectors of the economy such as tourism and services.
Other headlines:
-MIG wants €1.1bn from Cyprus
-Slowdown in retirement’s rate
-Skills passport to work in EU
-Decline in hourly labour cost
The “Economy” inset of newspaper ‘Phileleftheros” refers to today’s meeting of the Council of Ministers, which is expected to approve the bill on the minimum guaranteed income from July 1. According to the report, the minimum guaranteed income will start from €480 per month with additional grants depending on the marital status of the recipient. Specifically, for each member of the family over 14 years, including the spouse, another 50% will be calculated, while for each member 14 years old and under an additional 30% of the basic amount will be calculated.
Elsewhere the newspaper reports that Eurobank CEO, Christos Megalou said that the effort of the Republic to return to the international markets is a very positive development.
Other headlines:
-Public employees reduced by 4.359 for the period 2010 – 2014
-Public discussion of the FINMIN for funds of €960m
-Interest in old port
-CAIR to survive the winter 2015
The “Economy” inset of newspaper ‘Politis” refers to the possible issue of bond of €500 million in the week. The President of the Republic, in his speech during the ceremony of the Uclan University in Larnaca, said he hopes that this week will he win the bet, a year earlier than it was said, to stabilize the country's credibility to become credit worthy again and go out to the markets. The valuation of the Cypriot bonds on the secondary market is the baromeer.
“Politis” also reports that according to Eurostat data, the average hourly labour cost in Cyprus fell 6.9% in nominal prices in the first quarter of 2014 compared to the corresponding period of 2013.
Other headlines:
-Today to the Council of Min, tomorrow to Parliament
-Sale of slot is not enough – Investors necessary for the survival of CAIR, nut mostly the EU’s ok
-Losses of 0.22% in the CSE
-New milder losses - ASE
The “Economy” inset of newspaper “Simerini” refers to the issue of possible enrichment of officials and other civil servants entered for discussion in the House Institutions Committee. As mentioned, the IRD should investigate and prepare state capital for all those who have or had office that gives them the chance to gain income, which was not declared or was and is product of exploitation of their position.
The newspaper also reports that the MPs were given yesterday a new list with the numbers of debtors and the amounts they have to pay.
Other headlines:
-In uncertain course – CAIR
-Countdown for Cyprus’s return to the markets
The newspaper ‘Haravgi” refers to the bill for the minimum guaranteed income to be approved by the Council of Ministers today. According to the report, the new system for the support of the lower classes of population with the minimum guaranteed income is much lower than the circumstances.
The “Economy” inset of the newspaper refers to the data submitted to the Parliament by the Finance Ministry for the debts to the VAT. According to them, 242 persons or companies owe to the VAT €156 million. This means that 2.4% of the persons who have outstanding VAT owes 73.2% of the total amount.
Other headlines:
-Seizure of accounts at €3000 instead of €200
-Black page in the history of CAIR
-First in salary cuts
The newspaper “Alithia” refers to Cyprus’s return to the international markets. According to the report, the presentation was made in London yesterday, while today or tomorrow the latest an official announcement for the issue of bond of €500 million is anticipated.
The “Economy” inset of the newspaper refers to the visit of the Greek administration of Eurobank in Cyprus. As noted, the members of the administration visited Nicosia and spoke to a reporters’ breakfast. The members of the Greek administration support optimism in the positive state of public finances and the positive performance of important sectors of the economy such as tourism and services.
Other headlines:
-MIG wants €1.1bn from Cyprus
-Slowdown in retirement’s rate
-Skills passport to work in EU
-Decline in hourly labour cost
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