09/09/2014 07:19
The major issues in today’s financial press are the risk of the assessment of the Cyprus program to fall off the Eurogroup agenda on Friday and the return of Bank of Cyprus to the CSE in late October.
The “Economy” inset of newspaper “Phileleftheros” refers to the risk of the assessment of the Cyprus program to fall off the Eurogroup agenda on Friday. According to a troika executive, Eurogroup will be called to decide on the Cyprus program as soon as all requirements are met. The troika believes that the solution of referring the six draft laws approved by the parties to the Supreme Court leaves a significant obligation of the Republic pending and, therefore, the proposal for the disbursement of the next tranche of €350 million cannot be submitted to the Eurogroup.
Elsewhere the newspaper reports that Bank of Cyprus will possibly return to the CSE in October.
Other headlines:
-Six laws before the legal service
-Capital security holders want solution today
-Properties went better
The newspaper “Politis” reports that the government is waiting for the positions of the troika and the Attorney General after the approval of the 14 legislations by the Parliament on Saturday. As things stand today, there can be no positive recommendation from the side of the Eurogroup, or by the IMF for the disbursement of the next tranche and the confirmation of the positive course of implementation of the adjustment program. 8 of the 14 pieces of legislation are moving within the agreed but the other six are a problem.
The “Economy” inset of the newspaper refers to the insolvency framework elaborated by the government. According to the report, the government is preparing new bankruptcy procedures of natural and legal persons, which provides that the insolvency consultants will propose restructuring in order to repay debts and protect the primary residence.
Other headlines:
-Capital security holders waiting for new extra-judicial settlement
-BOCY to return to the CSE
-Losses of 0.51% in the CSE
-ASE almost unchanged
The newspaper “Simerini” reports that the agenda of the Council of Ministers on September 16 will include the taxation or not of the lump sum of the public employees and the cuts in their salaries. According to the report, the possibility of taxing the lump sum is not distant, while the establishment of the cuts of their salaries should be considered almost given.
The “Economy” inset of the newspaper refers to the legislation for the protection of the primary residence and the small professional residence, referred yesterday to the legal service by the President of the Republic. The legal service will examine its compatibility with the Constitution and the Community Acquis.
Other headlines:
-BOCY in the CSE in late October
-Multi-bill to private lawyers
-Cooperation after the ultimatum – Legal Service collects data from the banks
The newspaper “Haravgi” refers to the package approved by the Parliament for the protection of the primary residence and the small professional residence. According to the report, the President of the Republic broke in two the decisions of the Parliament in order to sign the first part, while the second, which included the protection of the primary residence, was referred to the troika.
The “Economy” inset of the newspaper refers to the criticisms of the Cooperatives against the police in relation to the investigations for the economy. As noted, while the Coops requested by the investigation team an authorization in writing in order to deliver the relevant documents, the police never sent a letter
Other headlines:
-Another important issue for Georghadji
-They want extra-judicial compensations
-Concerns on soeasy cards
-Increase of 7.9% in trade deficit
The newspaper “Alithia” refers to the signing of 8 legislations of the total 14 approved by the Parliament on the foreclosures by the President of the Republic. The other six were sent to the Attorney General to examine their constitutionality.
The “Economy’ inset of the newspaper refers to the return of Bank of Cyprus to the CSE in late October. Yesterday, the SEC Chairwoman announced that Bank of Cyprus submitted the Prospectus on the second phase of the share capital issue to the SEC.
Other headlines:
-Coops ready to give new data
-New planning for tourist agents
-Increase of 7.9%in trade deficit
-Samaras measures without troika’s approval
The “Economy” inset of newspaper “Phileleftheros” refers to the risk of the assessment of the Cyprus program to fall off the Eurogroup agenda on Friday. According to a troika executive, Eurogroup will be called to decide on the Cyprus program as soon as all requirements are met. The troika believes that the solution of referring the six draft laws approved by the parties to the Supreme Court leaves a significant obligation of the Republic pending and, therefore, the proposal for the disbursement of the next tranche of €350 million cannot be submitted to the Eurogroup.
Elsewhere the newspaper reports that Bank of Cyprus will possibly return to the CSE in October.
Other headlines:
-Six laws before the legal service
-Capital security holders want solution today
-Properties went better
The newspaper “Politis” reports that the government is waiting for the positions of the troika and the Attorney General after the approval of the 14 legislations by the Parliament on Saturday. As things stand today, there can be no positive recommendation from the side of the Eurogroup, or by the IMF for the disbursement of the next tranche and the confirmation of the positive course of implementation of the adjustment program. 8 of the 14 pieces of legislation are moving within the agreed but the other six are a problem.
The “Economy” inset of the newspaper refers to the insolvency framework elaborated by the government. According to the report, the government is preparing new bankruptcy procedures of natural and legal persons, which provides that the insolvency consultants will propose restructuring in order to repay debts and protect the primary residence.
Other headlines:
-Capital security holders waiting for new extra-judicial settlement
-BOCY to return to the CSE
-Losses of 0.51% in the CSE
-ASE almost unchanged
The newspaper “Simerini” reports that the agenda of the Council of Ministers on September 16 will include the taxation or not of the lump sum of the public employees and the cuts in their salaries. According to the report, the possibility of taxing the lump sum is not distant, while the establishment of the cuts of their salaries should be considered almost given.
The “Economy” inset of the newspaper refers to the legislation for the protection of the primary residence and the small professional residence, referred yesterday to the legal service by the President of the Republic. The legal service will examine its compatibility with the Constitution and the Community Acquis.
Other headlines:
-BOCY in the CSE in late October
-Multi-bill to private lawyers
-Cooperation after the ultimatum – Legal Service collects data from the banks
The newspaper “Haravgi” refers to the package approved by the Parliament for the protection of the primary residence and the small professional residence. According to the report, the President of the Republic broke in two the decisions of the Parliament in order to sign the first part, while the second, which included the protection of the primary residence, was referred to the troika.
The “Economy” inset of the newspaper refers to the criticisms of the Cooperatives against the police in relation to the investigations for the economy. As noted, while the Coops requested by the investigation team an authorization in writing in order to deliver the relevant documents, the police never sent a letter
Other headlines:
-Another important issue for Georghadji
-They want extra-judicial compensations
-Concerns on soeasy cards
-Increase of 7.9% in trade deficit
The newspaper “Alithia” refers to the signing of 8 legislations of the total 14 approved by the Parliament on the foreclosures by the President of the Republic. The other six were sent to the Attorney General to examine their constitutionality.
The “Economy’ inset of the newspaper refers to the return of Bank of Cyprus to the CSE in late October. Yesterday, the SEC Chairwoman announced that Bank of Cyprus submitted the Prospectus on the second phase of the share capital issue to the SEC.
Other headlines:
-Coops ready to give new data
-New planning for tourist agents
-Increase of 7.9%in trade deficit
-Samaras measures without troika’s approval
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