08/03/2011 07:15
The major issues in today’s financial press are the transfer of many Greek companies in Cyprus due to the financial crisis in Greece and the Finance Minister’s meeting with CIPA Chairman today.
The newspaper “Phileleftheros” refers to the arbitrations between the state and the private companies for the differences that emerge during constructions. The General Auditor sent a letter to the Attorney General, stressing that in a recent arbitration case, there were serious mistakes on behalf of the arbitrator and asked for the full revision of the institution.
The “Economy” inset of the newspaper reports that due to the debt crisis in Greece and the liquidity problems, the deposit rates recorded an increase again and the banks are looking for cash. The lending rates are among the highest in the euro area.
Other headlines:
- Crude exceeds $106
- Euro area in crisis for the debt
- Creditors’ concerns in Cyprus are controlled
The “Economy” inset of newspaper “Politis” reports that thousands of Chinese workers are trying to escape Libya in the past few days, revealing the risks that the Chinese energy companies face in the unstable African countries.
“Politis” also highlights that the Chinese stores in Greece close due to the financial crisis.
The “Economy” inset of newspaper “Simerini” refers to the transfer of many Greek companies in Cyprus and other neihbouring countries due to the crisis in Greece. According to the report, in the past two years at least 2 thousand Greek companies were transferred to Cyprus and other neighbouring Balkan countries looking for a better economic climate, economic and political stability, friendly investment environment, a simplified tax framework and less bureaucracy.
The newspaper also highlights that Moody’s downgraded Greece’s rating by three notches.
Other headline:
- Britain: New budget to eliminate record high deficit
The newspaper “Haravgi” refers to the measures and actions promoted by the government against the increasing unemployment. According to the report, 2883 persons were absorbed in labour via the governmental programs.
The “Economy” inset of the newspaper reports that food prices in February hit a record high, according to a UN report.
Other headlines:
- ECB wants to “get rid of” the bonds
- Oli Rehn: Unemployment benefit to be cut
- ECB: Possible rate increase
The “Economy” inset of newspaper “Alithia” refers to the meeting of CIPA Chairman with the Finance Minister today. According to the report, Mr. Pilides will submit proposal for the revision of the tax system in Cyprus.
Elsewhere the newspaper reports that according to Mayor of Paphos, the town’s tourist industry is subject to a slow but stable recovery.
Other headlines:
- Seminar by Mrs. Olga Boltenko
- Efficiency and proper management – Iron Trust: 10 years of software services
The newspaper “Phileleftheros” refers to the arbitrations between the state and the private companies for the differences that emerge during constructions. The General Auditor sent a letter to the Attorney General, stressing that in a recent arbitration case, there were serious mistakes on behalf of the arbitrator and asked for the full revision of the institution.
The “Economy” inset of the newspaper reports that due to the debt crisis in Greece and the liquidity problems, the deposit rates recorded an increase again and the banks are looking for cash. The lending rates are among the highest in the euro area.
Other headlines:
- Crude exceeds $106
- Euro area in crisis for the debt
- Creditors’ concerns in Cyprus are controlled
The “Economy” inset of newspaper “Politis” reports that thousands of Chinese workers are trying to escape Libya in the past few days, revealing the risks that the Chinese energy companies face in the unstable African countries.
“Politis” also highlights that the Chinese stores in Greece close due to the financial crisis.
The “Economy” inset of newspaper “Simerini” refers to the transfer of many Greek companies in Cyprus and other neihbouring countries due to the crisis in Greece. According to the report, in the past two years at least 2 thousand Greek companies were transferred to Cyprus and other neighbouring Balkan countries looking for a better economic climate, economic and political stability, friendly investment environment, a simplified tax framework and less bureaucracy.
The newspaper also highlights that Moody’s downgraded Greece’s rating by three notches.
Other headline:
- Britain: New budget to eliminate record high deficit
The newspaper “Haravgi” refers to the measures and actions promoted by the government against the increasing unemployment. According to the report, 2883 persons were absorbed in labour via the governmental programs.
The “Economy” inset of the newspaper reports that food prices in February hit a record high, according to a UN report.
Other headlines:
- ECB wants to “get rid of” the bonds
- Oli Rehn: Unemployment benefit to be cut
- ECB: Possible rate increase
The “Economy” inset of newspaper “Alithia” refers to the meeting of CIPA Chairman with the Finance Minister today. According to the report, Mr. Pilides will submit proposal for the revision of the tax system in Cyprus.
Elsewhere the newspaper reports that according to Mayor of Paphos, the town’s tourist industry is subject to a slow but stable recovery.
Other headlines:
- Seminar by Mrs. Olga Boltenko
- Efficiency and proper management – Iron Trust: 10 years of software services
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