17/10/2011 07:11
The major issues in today’s financial press are the start of the House Finance Committee’s talks on the state budget 2012 and the talks in the EU on the need to extend the “haircut” of the Greek bonds by more than 21%.
The “Economy” inset of newspaper “Phileleftheros” refers to the House Finance Committee’s session today, when the Finance Minister will inform its members on the fiscal condition, giving special emphasis to the objective of 2012 for a deficit equal to 2.8% of GDP from 6% estimated in 2011. According to the report, the budget 2012 provides for revenues, excluding loans, of €6,221 million compared to revised revenues of €5,648 million in 2011.
Elsewhere the newspaper reports that according to the Russian Finance Minister, Russia will offer financial aid to Cyprus.
Other headlines:
- Christofias: “No” to policies that hit the employees
- “Haircut” determines markets
- EU IMF examine new scenarios for creditors
- Implementation of ESM in 2012 under examination
The “Economy” inset of newspaper “Politis” reports that in view of the Summit on October 23, the negotiations between France and Germany for the recapitalization of the European banks and the haircut of the Greek debt continue.
“Politis” also highlights that according to a Cushman & Wakefield survey, Athens ranks 36th in the attractiveness of a business establishment in Athens.
Other headlines:
- Lower profits – JPMorgan Chase
The newspaper “Simerini” refers to the start of the House Finance Committee’s talks on the state budget 2012. According to the report, all parties but AKEL will not approve the budget while the President of the Republic does not undertake his responsibilities for the deadly explosion.
The “Economy” inset of the newspaper refers to the extraction of natural gas and the global economic interests played.
Other headlines:
- Scheuble: “We have a common position with France on Greece”
- LGS Handling serves Olympic
The newspaper “Haravgi” reports that in 2-3 days the government will invite tenders for the second round of licensing of the rest EEZ plots of Cyprus.
The “Economy” inset of newspaper “Alithia” refers to the start of the House Finance Committee’s talks on the state budget 2012. The Finance Minister will analyze the main sizes of the budget and will try to convince for the correctness of the governmental plans.
Elsewhere the newspaper reports that the shop owners will go on strikes due to the delays in the recreation plans of the Paphos commercial centre.
Other headlines:
- Cyta new member of Larnaca CCI
- Top Kinisis in aircraft chartering
- LGS Handling serves Olympic Air aircrafts
- Bloomberg: Sees haircut of 60% on Greek bonds
The “Economy” inset of newspaper “Phileleftheros” refers to the House Finance Committee’s session today, when the Finance Minister will inform its members on the fiscal condition, giving special emphasis to the objective of 2012 for a deficit equal to 2.8% of GDP from 6% estimated in 2011. According to the report, the budget 2012 provides for revenues, excluding loans, of €6,221 million compared to revised revenues of €5,648 million in 2011.
Elsewhere the newspaper reports that according to the Russian Finance Minister, Russia will offer financial aid to Cyprus.
Other headlines:
- Christofias: “No” to policies that hit the employees
- “Haircut” determines markets
- EU IMF examine new scenarios for creditors
- Implementation of ESM in 2012 under examination
The “Economy” inset of newspaper “Politis” reports that in view of the Summit on October 23, the negotiations between France and Germany for the recapitalization of the European banks and the haircut of the Greek debt continue.
“Politis” also highlights that according to a Cushman & Wakefield survey, Athens ranks 36th in the attractiveness of a business establishment in Athens.
Other headlines:
- Lower profits – JPMorgan Chase
The newspaper “Simerini” refers to the start of the House Finance Committee’s talks on the state budget 2012. According to the report, all parties but AKEL will not approve the budget while the President of the Republic does not undertake his responsibilities for the deadly explosion.
The “Economy” inset of the newspaper refers to the extraction of natural gas and the global economic interests played.
Other headlines:
- Scheuble: “We have a common position with France on Greece”
- LGS Handling serves Olympic
The newspaper “Haravgi” reports that in 2-3 days the government will invite tenders for the second round of licensing of the rest EEZ plots of Cyprus.
The “Economy” inset of newspaper “Alithia” refers to the start of the House Finance Committee’s talks on the state budget 2012. The Finance Minister will analyze the main sizes of the budget and will try to convince for the correctness of the governmental plans.
Elsewhere the newspaper reports that the shop owners will go on strikes due to the delays in the recreation plans of the Paphos commercial centre.
Other headlines:
- Cyta new member of Larnaca CCI
- Top Kinisis in aircraft chartering
- LGS Handling serves Olympic Air aircrafts
- Bloomberg: Sees haircut of 60% on Greek bonds
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