23/07/2014 07:10
The major issues in today’s financial press are the government’s deliberations with the troika on the foreclosures bill and the interest expressed by US investors in Ledra Palace Hotel.
The newspaper “Philelefheros” refers to the interest expressed by US investors n Ledra Palace hotel. According to Archbishop Chrysostomos, last week he had a meeting with US investors who are currently in Cyprus and are seeking investment opportunities. The aim is to lease the hotel on a long-term basis in order to be refurbished with a cost of €15 million.
The “Economy” inset of the newspaper reports that the bill on foreclosures cannot be led to the Council of Ministers today. As noted, the two parties are trying hard to overcome the disagreements and the troika’s demands focus on the duration of the procedure and the free determination of price.
Other headlines:
-Jefferies came back but received a new “no” – BOCY
-FBME: Under resolution and sale of operations
-Laiki appeals against Greece – International court
-Bill will pass difficultly
The newspaper “Politis” refers to the government’s deliberations with the troika for the bill on foreclosures. According to the report, the bill seems to turn to the troika’s side with the introduction of certain arrangements for the protection of those who hold mortgaged assets. The government is examining new regulations that will help the lower classes. The elaboration of the final bill by the legal service as not completed yesterday, therefore, the bill will not be discussed by the Council of Ministers today.
The “Economy” inset of the newspaper refers to the compensations requested by Laiki Bank from the Greek government. According to the report, the bad Laiki resorted to international arbitration seeking compensations from the Greek government to block its Greek activities from the liquidity support mechanisms and capital payments applicable in Greece for Greek banks.
Other headlines:
-Additional investment of 230m – From COSCO in Piraeus
-New reduction of ELA – According to CB
-Investment interest in FBME
-CSE slightly down
The newspaper ‘Simerini” reports that the bill on foreclosures will not be forwarded to the Council of Ministers today. As noted, despite the fact that the government and the troika reached an agreement, its non timely dispatch to the legal service makes things difficult without excluding its new review. According to sources, three new provisions were incorporated in the governmental bill. It gives the opportunity to the debtor to appeal to court under certain circumstances, the opportunity to appoint independent valuator before the auction is subject to a private auction and the disengagement of the Land Registry from the auction of properties carried out exclusively by the private sector.
The “Economy” inset of the newspaper refers to the decree issued by the Central Bank on FBME Bank. As noted, government spokesman, Nicos Christodoulides after the issue of a decree said that the CB, as a supervisory authority, proposed the certain consolidation measures on the sale of the activities ofFBME in order to protect depositors.
Other headlines:
-Laiki appeals against Greek state
-Ryanair possible partner in CAIR
-DIKO proceeds in processes with other parties
The “Economy” inset of newspaper “Haravgi” highlights that the government and the troika are seeking a formula for the fixation of wage cuts in the public sector. Specifically, they are looking ways to close all windows so that wages and benefits do not return to their previous state.
“Haravgi” also reports that Ryanair might express interest for CAIR, which is up for sale.
Other headlines:
-POVEK: Radical solution in opening hours of shops
-Decree for the sale of FBME activities
-Troika insists on express foreclosures
-Public debt climbed to 112.2% from 87% of GDP
The newspaper “Alithia” refers to today’s meeting of the Council of Ministers on the bill on foreclosures. The bill was subject to an editorial control by the legal service after the submission of certain observations by the international creditors on the text of the legal service in relation to the bill.
The “Economy” inset of the newspaper refers to the meeting of the Board of Director of the Pancyprian Organization of Families with Many Children with the President of the Republic. The Organization was assured by the President that the children benefits will not be cut.
Other headlines:
-Opening hours to be reviewed in September
-Independent study for Larnaca port
-WTS conference for taxation
-Reduction of liquidity dependence of BOCY
The newspaper “Philelefheros” refers to the interest expressed by US investors n Ledra Palace hotel. According to Archbishop Chrysostomos, last week he had a meeting with US investors who are currently in Cyprus and are seeking investment opportunities. The aim is to lease the hotel on a long-term basis in order to be refurbished with a cost of €15 million.
The “Economy” inset of the newspaper reports that the bill on foreclosures cannot be led to the Council of Ministers today. As noted, the two parties are trying hard to overcome the disagreements and the troika’s demands focus on the duration of the procedure and the free determination of price.
Other headlines:
-Jefferies came back but received a new “no” – BOCY
-FBME: Under resolution and sale of operations
-Laiki appeals against Greece – International court
-Bill will pass difficultly
The newspaper “Politis” refers to the government’s deliberations with the troika for the bill on foreclosures. According to the report, the bill seems to turn to the troika’s side with the introduction of certain arrangements for the protection of those who hold mortgaged assets. The government is examining new regulations that will help the lower classes. The elaboration of the final bill by the legal service as not completed yesterday, therefore, the bill will not be discussed by the Council of Ministers today.
The “Economy” inset of the newspaper refers to the compensations requested by Laiki Bank from the Greek government. According to the report, the bad Laiki resorted to international arbitration seeking compensations from the Greek government to block its Greek activities from the liquidity support mechanisms and capital payments applicable in Greece for Greek banks.
Other headlines:
-Additional investment of 230m – From COSCO in Piraeus
-New reduction of ELA – According to CB
-Investment interest in FBME
-CSE slightly down
The newspaper ‘Simerini” reports that the bill on foreclosures will not be forwarded to the Council of Ministers today. As noted, despite the fact that the government and the troika reached an agreement, its non timely dispatch to the legal service makes things difficult without excluding its new review. According to sources, three new provisions were incorporated in the governmental bill. It gives the opportunity to the debtor to appeal to court under certain circumstances, the opportunity to appoint independent valuator before the auction is subject to a private auction and the disengagement of the Land Registry from the auction of properties carried out exclusively by the private sector.
The “Economy” inset of the newspaper refers to the decree issued by the Central Bank on FBME Bank. As noted, government spokesman, Nicos Christodoulides after the issue of a decree said that the CB, as a supervisory authority, proposed the certain consolidation measures on the sale of the activities ofFBME in order to protect depositors.
Other headlines:
-Laiki appeals against Greek state
-Ryanair possible partner in CAIR
-DIKO proceeds in processes with other parties
The “Economy” inset of newspaper “Haravgi” highlights that the government and the troika are seeking a formula for the fixation of wage cuts in the public sector. Specifically, they are looking ways to close all windows so that wages and benefits do not return to their previous state.
“Haravgi” also reports that Ryanair might express interest for CAIR, which is up for sale.
Other headlines:
-POVEK: Radical solution in opening hours of shops
-Decree for the sale of FBME activities
-Troika insists on express foreclosures
-Public debt climbed to 112.2% from 87% of GDP
The newspaper “Alithia” refers to today’s meeting of the Council of Ministers on the bill on foreclosures. The bill was subject to an editorial control by the legal service after the submission of certain observations by the international creditors on the text of the legal service in relation to the bill.
The “Economy” inset of the newspaper refers to the meeting of the Board of Director of the Pancyprian Organization of Families with Many Children with the President of the Republic. The Organization was assured by the President that the children benefits will not be cut.
Other headlines:
-Opening hours to be reviewed in September
-Independent study for Larnaca port
-WTS conference for taxation
-Reduction of liquidity dependence of BOCY
Related Articles
