29/11/2002 09:05
Major issue of today’s financial press is the trade unions’ concerns with reference to the Social Security Fund after the possible solution of the Cyprus partition problem.
The “Economy” inset of newspaper “Simerini” under the title “Trade Unions express their concern over SSFs” refers to the anguish and concerns of the trade unions for the SSFs after the possible solution of the island’s problem. Specifically, trade unions appealed to government to examine the cost to burden the Greek Cypriots in case of a solution, while they commented on yesterday’s statements of the Labour Minister (one-sided contribution of the Greek Cypriots to the SSF), expressing their anguish over this possibility. The inset also contains the subject of the Finance Ministry report over the impact of the Annan plan to Cyprus economy. The Finance report is to be handed to the Public Prosecutor and not President Clerides.
Elsewhere “Simerini” mentions that immigrant workers are a real headache to government, not only because they create problems to their employers due to false charges, but also because employers behave badly.
The “Economic” inset of newspaper “Alithia” highlights that “The employment of the Turkish Cypriots and Cyprus accession in the EU is to bring about changes to the labour market” and deals with the speech of the Labour Minister, Andreas Mousiouttas, over the Social Security Fund. The role of our social partners is to introduce a non-racist functional system after Cyprus accession in the EU and the imminent solution of the problem. These changes along with the need to create a single system of labour relations will increase due to nationality and religion.
Elsewhere the newspaper points out that the number of applications with regard to the export premium is fairly limited.
The “Economy” inset of newspaper “Phileleftheros” under the title “Banks: Low profitability” quotes that the profitability index of Cyprus banks fall short compared to the European banks, as the profit decline affects their basic indices. The performance rate (expenditure to revenues) increases and banks have difficulties in restricting their operating costs. If banks, therefore, do not take the proper measures against the increase of their revenues and the decline of their costs, the problem will further extend.
The “Economy” inset of newspaper “Simerini” under the title “Trade Unions express their concern over SSFs” refers to the anguish and concerns of the trade unions for the SSFs after the possible solution of the island’s problem. Specifically, trade unions appealed to government to examine the cost to burden the Greek Cypriots in case of a solution, while they commented on yesterday’s statements of the Labour Minister (one-sided contribution of the Greek Cypriots to the SSF), expressing their anguish over this possibility. The inset also contains the subject of the Finance Ministry report over the impact of the Annan plan to Cyprus economy. The Finance report is to be handed to the Public Prosecutor and not President Clerides.
Elsewhere “Simerini” mentions that immigrant workers are a real headache to government, not only because they create problems to their employers due to false charges, but also because employers behave badly.
The “Economic” inset of newspaper “Alithia” highlights that “The employment of the Turkish Cypriots and Cyprus accession in the EU is to bring about changes to the labour market” and deals with the speech of the Labour Minister, Andreas Mousiouttas, over the Social Security Fund. The role of our social partners is to introduce a non-racist functional system after Cyprus accession in the EU and the imminent solution of the problem. These changes along with the need to create a single system of labour relations will increase due to nationality and religion.
Elsewhere the newspaper points out that the number of applications with regard to the export premium is fairly limited.
The “Economy” inset of newspaper “Phileleftheros” under the title “Banks: Low profitability” quotes that the profitability index of Cyprus banks fall short compared to the European banks, as the profit decline affects their basic indices. The performance rate (expenditure to revenues) increases and banks have difficulties in restricting their operating costs. If banks, therefore, do not take the proper measures against the increase of their revenues and the decline of their costs, the problem will further extend.
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