19/04/2011 07:20
The major issue in today’s financial press is the House Finance Committee’s session which discussed the abolition of multiple pensions.
Other issues concern the cost of borrowing of the Republic and the increase in the minimum salary by 2.5%.
The “Economy” inset of newspaper “Phileleftheros” refers to the House Finance Committee’s session, which discussed the amendments on the bill for the multiple pensions. Today, the MPs must decide, among others, for the clear coverage of the high-ranking state officials, even that of the President, the year that the pension was first granted and the maximum pension to 50% or 75%.
Elsewhere the newspaper refers to the cost of borrowing of the Republic.
Other headlines:
- Revenue targets meet obstacles
- Minimum salary up 2.5%
- CIPA challenge for projects ready for investors
- Scent of hope from banks
The newspaper “Politis” highlights that during the House Finance Committee’s session, Attorney General said that the multiple pensions is not the only issue that the state must deal with but also that of those who have double job posts.
The “Economy” inset of the newspaper refers to the IRD data on the revenues until March. According to them, the total IRD revenues for January – March fell 3% to €412.9 million against €427.3 million last year.
Other headlines:
- Deficit at 5.3% from 6% in 2009 – Hole in state funds…It dropped to €926.1m in 2010
- Increase in the cost of borrowing – For the government
- Minimum salary at €909 from €887
- Business mission continues – CCCI ensures Egyptian ambassador
The newspaper “Simerini” reports that the amendments on the multiple pensions will be decided today in an ex-officio session of the House Finance Committee. The Finance Minister supports that with the approval of the bill, the state will save €1 million per annum.
The “Economy” inset of the newspaper refers to the Labour Minister’s intention to promote to the Council of Ministers a decree for the increase in the minimum salary by 2.5%.
Other headlines:
- Natural gas and exports by 2014
- Cost of borrowing for the state goes up
- CAIR: Appeal to Hermes Airports – Trade unions requested a discount of €5-8 million in duties
- Car import burdened with new taxes
The newspaper “Haravgi” highlights that the Labour Ministry proposed to the Council of Ministers an increase in the minimum salary by 2.5%.
The “Economy” inset of the newspaper reports that the Easter basket will be cheaper than last year’s and the Commerce Minister expressed his content for the price of goods in the market.
Other headlines:
- Pensions to be paid tomorrow
- Priority to the German market for tourism
- CIPA list on development projects
- Trade unions appeal for support of CAIR
The newspaper “Alithia” reports that during the House Finance Committee’s session yesterday on the abolition of the multiple pensions, the MPs admitted that they have been scorned by the citizens.
The “Economy” inset of the newspaper refers to the increase in the state’s cost of borrowing. Specifically, the average annual yield for the 52-week T-Bills stood at 3.15% compared to 1.70% in the previous auction for the 52-week T-Bills in July 2010.
Other headlines:
- New 2-year low
- Deficit at 5.3% in 2010
- Commitment of business cooperation – Cyprus – Egypt
- List of projects for foreign investments - CIPA
Other issues concern the cost of borrowing of the Republic and the increase in the minimum salary by 2.5%.
The “Economy” inset of newspaper “Phileleftheros” refers to the House Finance Committee’s session, which discussed the amendments on the bill for the multiple pensions. Today, the MPs must decide, among others, for the clear coverage of the high-ranking state officials, even that of the President, the year that the pension was first granted and the maximum pension to 50% or 75%.
Elsewhere the newspaper refers to the cost of borrowing of the Republic.
Other headlines:
- Revenue targets meet obstacles
- Minimum salary up 2.5%
- CIPA challenge for projects ready for investors
- Scent of hope from banks
The newspaper “Politis” highlights that during the House Finance Committee’s session, Attorney General said that the multiple pensions is not the only issue that the state must deal with but also that of those who have double job posts.
The “Economy” inset of the newspaper refers to the IRD data on the revenues until March. According to them, the total IRD revenues for January – March fell 3% to €412.9 million against €427.3 million last year.
Other headlines:
- Deficit at 5.3% from 6% in 2009 – Hole in state funds…It dropped to €926.1m in 2010
- Increase in the cost of borrowing – For the government
- Minimum salary at €909 from €887
- Business mission continues – CCCI ensures Egyptian ambassador
The newspaper “Simerini” reports that the amendments on the multiple pensions will be decided today in an ex-officio session of the House Finance Committee. The Finance Minister supports that with the approval of the bill, the state will save €1 million per annum.
The “Economy” inset of the newspaper refers to the Labour Minister’s intention to promote to the Council of Ministers a decree for the increase in the minimum salary by 2.5%.
Other headlines:
- Natural gas and exports by 2014
- Cost of borrowing for the state goes up
- CAIR: Appeal to Hermes Airports – Trade unions requested a discount of €5-8 million in duties
- Car import burdened with new taxes
The newspaper “Haravgi” highlights that the Labour Ministry proposed to the Council of Ministers an increase in the minimum salary by 2.5%.
The “Economy” inset of the newspaper reports that the Easter basket will be cheaper than last year’s and the Commerce Minister expressed his content for the price of goods in the market.
Other headlines:
- Pensions to be paid tomorrow
- Priority to the German market for tourism
- CIPA list on development projects
- Trade unions appeal for support of CAIR
The newspaper “Alithia” reports that during the House Finance Committee’s session yesterday on the abolition of the multiple pensions, the MPs admitted that they have been scorned by the citizens.
The “Economy” inset of the newspaper refers to the increase in the state’s cost of borrowing. Specifically, the average annual yield for the 52-week T-Bills stood at 3.15% compared to 1.70% in the previous auction for the 52-week T-Bills in July 2010.
Other headlines:
- New 2-year low
- Deficit at 5.3% in 2010
- Commitment of business cooperation – Cyprus – Egypt
- List of projects for foreign investments - CIPA
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