12/06/2014 07:26
The major issues in today’s financial press are EAC’s contacts with the T/C electricity authority for a new sale agreement of electricity in the occupied areas, the inglorious end of the sale of Venus Rock of Aristo Developers to Chinese investors and the placements of the parties and the economists on Cyprus’s return to the international markets.
The newspaper “Phileleftheros” refers to EAC’s contacts with the T/C electricity authority in order to reach a new sale agreement of electricity in the occupied areas. According to the report, the T/C regime aims to cover its energy needs stemming from the use of pumps and other systems for the water to be transferred from Turkey. The newspaper information talks about sale of electricity of 50 megawatt.
The “Economy” inset of the newspaper refers to the placements of the economists in relation to the government’s decision for a return to the markets in order to absorb borrowing of €500 million. Economist, Marios Clerides stated that it is the right decision, while Michalis Michael, professor at the Department of Economics at the University of Cyprus, approaches the issue with concerns as to the level of the interest rate that the government will borrow and the possible impacts on the economy.
Other headlines:
-Opinion of Attorney General the key for the appointment of Irena
-Road shows for €500m to start next week
-348.000 common BOCY-Laiki customers
-EAC: Retirement scheme for 110 employees
The “Economy” inset of newspaper “Politis” refers to the inglorious end of the sale of Venus Rock of Aristo Developers to Chinese investors. According to the report, Dolphin Capital, which holds 49.8% of Aristo but does not exercise management to the company, supports that there is interest in Venus Rock from two other investors.
“Politis” also reports that the Executive Chairman of Shacolas Group announced his withdrawal from the Chairmanship.
Other headlines:
-Lower losses for Cyta Greece – With operating profitability
-Stournaras at the Bank of Greece
-New capital of €26m for cdb – 50% of the bank to foreigners
-HB still waiting for CB’s “ok” for new Board members
The “Economy’ inset of newspaper “Simerini” refers to the statements of Finance Minister, Haris Georgiades for the return of Cyprus to the international markets. According to Mr. Georgiades, the return of Cyprus to the international market aims to strengthen liquidity in the Cypriot market with the import of fresh money, the extension of debt maturity and the confirmation of restoring confidence.
The newspaper also refers to the letter that the CB Governor would send to Hellenic Bank with the names of the new Board members who fulfill the criteria.
Other headlines:
-Early retirement scheme for 110 employees – EAC
-New criticisms against FINMIN by SYKALA
The “Economy” inset of newspaper ‘Haravgi” refers to Cyprus’s return to the international markets. Invited to comment on the statements of the President of the Republic for a return to the international markets a year after the memorandum, deputy parliamentary spokesman, Stavros Evagorou urged the government to focus on the Cypriot daily realities and the data are not good.
“Haravgi” also reports that the Cypriot businesses may absorb up to €2.5 billion from the European Central Bank.
Other headlines:
-Extraordinary contribution from public employees is legal
-Mass appeals to Supreme Court from EAC employees
-G. Stournaras at the Bank of Greece
-HB: New postponement for capital
The “Economy” inset of newspaper “Alithia” refers to the placements of the parties for the return of Cyprus to the international markets. According to the report, DISY noted that the return to the markets a year earlier is a great success, while deputy parliamentary spokesman of AKEL, Stavros Evagorou stated that the government must focus on the daily realities and the needs of the people. DIKO and the Ecologists believe that it is a positive step.
Elsewhere the newspaper reports that the Nicosia Chamber of Commerce and Industry held a meeting at the CCCI yesterday to exchange views and to determine a common line for the opening of a casino in Nicosia.
Other headlines:
-ENI – Lakkotrypis meet
-Innovation is the answer to recession
-The bureau of OEB
-Postponement of talks for capital - HB
The newspaper “Phileleftheros” refers to EAC’s contacts with the T/C electricity authority in order to reach a new sale agreement of electricity in the occupied areas. According to the report, the T/C regime aims to cover its energy needs stemming from the use of pumps and other systems for the water to be transferred from Turkey. The newspaper information talks about sale of electricity of 50 megawatt.
The “Economy” inset of the newspaper refers to the placements of the economists in relation to the government’s decision for a return to the markets in order to absorb borrowing of €500 million. Economist, Marios Clerides stated that it is the right decision, while Michalis Michael, professor at the Department of Economics at the University of Cyprus, approaches the issue with concerns as to the level of the interest rate that the government will borrow and the possible impacts on the economy.
Other headlines:
-Opinion of Attorney General the key for the appointment of Irena
-Road shows for €500m to start next week
-348.000 common BOCY-Laiki customers
-EAC: Retirement scheme for 110 employees
The “Economy” inset of newspaper “Politis” refers to the inglorious end of the sale of Venus Rock of Aristo Developers to Chinese investors. According to the report, Dolphin Capital, which holds 49.8% of Aristo but does not exercise management to the company, supports that there is interest in Venus Rock from two other investors.
“Politis” also reports that the Executive Chairman of Shacolas Group announced his withdrawal from the Chairmanship.
Other headlines:
-Lower losses for Cyta Greece – With operating profitability
-Stournaras at the Bank of Greece
-New capital of €26m for cdb – 50% of the bank to foreigners
-HB still waiting for CB’s “ok” for new Board members
The “Economy’ inset of newspaper “Simerini” refers to the statements of Finance Minister, Haris Georgiades for the return of Cyprus to the international markets. According to Mr. Georgiades, the return of Cyprus to the international market aims to strengthen liquidity in the Cypriot market with the import of fresh money, the extension of debt maturity and the confirmation of restoring confidence.
The newspaper also refers to the letter that the CB Governor would send to Hellenic Bank with the names of the new Board members who fulfill the criteria.
Other headlines:
-Early retirement scheme for 110 employees – EAC
-New criticisms against FINMIN by SYKALA
The “Economy” inset of newspaper ‘Haravgi” refers to Cyprus’s return to the international markets. Invited to comment on the statements of the President of the Republic for a return to the international markets a year after the memorandum, deputy parliamentary spokesman, Stavros Evagorou urged the government to focus on the Cypriot daily realities and the data are not good.
“Haravgi” also reports that the Cypriot businesses may absorb up to €2.5 billion from the European Central Bank.
Other headlines:
-Extraordinary contribution from public employees is legal
-Mass appeals to Supreme Court from EAC employees
-G. Stournaras at the Bank of Greece
-HB: New postponement for capital
The “Economy” inset of newspaper “Alithia” refers to the placements of the parties for the return of Cyprus to the international markets. According to the report, DISY noted that the return to the markets a year earlier is a great success, while deputy parliamentary spokesman of AKEL, Stavros Evagorou stated that the government must focus on the daily realities and the needs of the people. DIKO and the Ecologists believe that it is a positive step.
Elsewhere the newspaper reports that the Nicosia Chamber of Commerce and Industry held a meeting at the CCCI yesterday to exchange views and to determine a common line for the opening of a casino in Nicosia.
Other headlines:
-ENI – Lakkotrypis meet
-Innovation is the answer to recession
-The bureau of OEB
-Postponement of talks for capital - HB
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