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Press: Unfulfilled obligations and CSE restructuring

13/05/2003 08:53
The major issues in today’s financial press are the unfulfilled liabilities that the new government inherited by the former and the new CSE policy of strategic development and the restructuring of its organizational structure.

The “Economy” inset of newspaper “Phileleftheros” under the title “Transfer of obligations is a common practice” refers to the response of the former Finance Minister, Takis Clerides, to government’s criticisms for unfulfilled obligations and liabilities. Mr. Clerides said that the former government had also taken on obligations of its predecessors, which is a common practice followed for years now.

Elsewhere ‘Phileleftheros” reports that the Mediterranean Index FTSE Med 100 will be launched in few weeks.

The “Economy” inset of newspaper “Simerini” under the title “New aims for the CSE” highlights that the CSE Council has proposed a development policy in the face of the new data in the stock market. The CSE Council is also considering the restructuring of the CSE organizational structure, services, operation and philosophy.

Elsewhere the newspaper mentions that the Turkish Cypriot regime is offering “property deeds” to foreigners.

The “Economic” inset of newspaper “Alithia” under the title “Inflation doubles due to VAT – indirect taxation” refers to Central Bank’s estimates that inflation for 2003 will accelerate to 4.5% against 2.81% in 2002.

Elsewhere the inset reports that Blue Print will be discussed in Parliament on May 19, 2003.