09/11/2006 08:48
The major issues in today’s financial press are the tax cut on cars, the Extraordinary General Meeting of Demetra Investments and the contacts of the Cyprus’ business delegation in Croatia. The daily press, however, is mainly focused on European Commission’s critical report on Turkey, which gives a deadline to Ankara by December to meet its obligations.
The “Economy” inset of newspaper “Phileleftheros” refers to the tax cut on cars. According to the report, the enforcement of the new law favours certain used cars and is unfair to some others.
Elsewhere the newspaper reports that the island’s business representation, which is currently in Croatia, is examining the possibility of cooperating with the country.
The “Economy” inset of newspaper “Politis” refers to the EGM of Demetra Investment, which approved two resolutions: The first concerned the reduction of the accumulated losses by £100 million with the write-off of capital for the corresponding sum and the second authorizes the Company to proceed to buyback of own shares on floor.
“Politis” also highlights that Cyprus showed convergence in the EU economic indices but not in food, health and education.
The “Economy” inset of newspaper “Simerini” refers to the contacts that the Cyprus business delegation has in Croatia. Addressing the Croatian Chamber of Economy, President of the Republic, Tassos Papadopoulos, referred to the course of the island’s economy and the advantages of Cyprus’ geographical position. Mr. Papadopoulos stressed that the foreign direct investment recorded an increase of 50% to €1.3 billion in 2005.
The newspaper also reports that according to the Finance Ministry, a drop in the consumer tax on heating oil is not a target, since it does not serve the largest part of the households.
The “Economy” inset of newspaper “Haravgi” refers to the contacts that the Cyprus business delegation has in Croatia. According to President Papadopoulos, the foreign direct investments showed an increase of 50% to €1.3 billion.
“Haravgi” also reports that the EU talks on the increase in the working time collapsed.
The “Economy” inset of newspaper “Alithia” refers to the EU directive for the settlement of the working hours in the EU with a ceiling of 65 hours per week. According to the report, the meeting of the Employment Ministers failed to reach an agreement.
Elsewhere the newspaper reports that Marfin Popular Bank aims to be the leading bank in Cyprus banking market shares.
The “Economy” inset of newspaper “Phileleftheros” refers to the tax cut on cars. According to the report, the enforcement of the new law favours certain used cars and is unfair to some others.
Elsewhere the newspaper reports that the island’s business representation, which is currently in Croatia, is examining the possibility of cooperating with the country.
The “Economy” inset of newspaper “Politis” refers to the EGM of Demetra Investment, which approved two resolutions: The first concerned the reduction of the accumulated losses by £100 million with the write-off of capital for the corresponding sum and the second authorizes the Company to proceed to buyback of own shares on floor.
“Politis” also highlights that Cyprus showed convergence in the EU economic indices but not in food, health and education.
The “Economy” inset of newspaper “Simerini” refers to the contacts that the Cyprus business delegation has in Croatia. Addressing the Croatian Chamber of Economy, President of the Republic, Tassos Papadopoulos, referred to the course of the island’s economy and the advantages of Cyprus’ geographical position. Mr. Papadopoulos stressed that the foreign direct investment recorded an increase of 50% to €1.3 billion in 2005.
The newspaper also reports that according to the Finance Ministry, a drop in the consumer tax on heating oil is not a target, since it does not serve the largest part of the households.
The “Economy” inset of newspaper “Haravgi” refers to the contacts that the Cyprus business delegation has in Croatia. According to President Papadopoulos, the foreign direct investments showed an increase of 50% to €1.3 billion.
“Haravgi” also reports that the EU talks on the increase in the working time collapsed.
The “Economy” inset of newspaper “Alithia” refers to the EU directive for the settlement of the working hours in the EU with a ceiling of 65 hours per week. According to the report, the meeting of the Employment Ministers failed to reach an agreement.
Elsewhere the newspaper reports that Marfin Popular Bank aims to be the leading bank in Cyprus banking market shares.
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