30/01/2014 07:00
The major issue in today’s financial press is the Finance Minister’s decision to issue an order in order to reduce the salaries of the 300 employees in the Cooperative Central Bank, members of ETYK.
The “Economy” inset of newspaper “Phileleftheros” refers to the cut in salaries in the Cooperatives after the issue of the Finance Ministry’s order. According to the report, by decree of Harris Georgiades it was decided and imposed a wage and benefit cut of 15% among 300 employees of the Cooperative Central Bank. ETYK responded by describing the decision morally unjust and unethical, while trade unions SEK, PEO and DEOK expressed strong opposition.
Elsewhere the newspaper reports that according to Central Bank data, deposits in December showed signs of stabilization since outflows fell to €165 million.
Other headlines:
-Twelve appointments and a merger – Cooperative companies
-Labour issues must be settled with dialogue and not orders
-Improvement of economic sentiment for the ninth month
-Troika in Cyprus
The “Economy” inset of newspaper “Politis” refers to the order issued by the Finance Ministry on salary reductions in the Cooperative Central Bank. Specifically, Haris Georgiadis amended the decree for the recapitalization of the cooperative movement and published it in a special edition of the gazette.
“Politis” also refers to yesterday’s contacts between the troika technocrats and the Cypriot authorities in the context of the third assessment of the Cypriot memorandum.
Other headlines:
-Small decline in deposits in December
-Exchange experiments in December
-New improvement of economic sentiment in January
-Losses of 0.21% in the CSE
The newspaper “Simerini” refers to the Finance Minister’s decision to issue an order for a reduction in the salaries of the 300 employees in the Cooperative Central Bank, members of ETYK. According to the report, ETYK said the order is unethical and morally wrong.
The “Economy” inset of the newspaper refers to today’s contacts of the troika technocrats, which will focus on issues concerning the cooperative sector. Meanwhile, the final plan for the restructuring of the Coops will be officially forwarded to the general directorate of competition of the EU today or tomorrow.
Other headlines:
-OEB to meet Cyta tomorrow
-Deposits in December fell by €164.6m
-Talks for privatizations to take long
-Perdikis: Bank of Cyprus must hasten procedures for its share
The newspaper “Haravgi” refers to the criticisms of the Cyta trade unions for the retirement scheme. In a joint announcement, EPOET, PASE-ATIK, SIDIKEK, ASET-Cyta and SEP-ATIK welcomed the dynamic reaction of the Cyta council against OEB. In his own statements, OEB Director, Michalis Pilikos insists on his positions for the withdrawal of employees from Cyta as redundant staff without early retirement scheme.
The “Economy” inset of the newspaper refers to the deliberations between the troika technocrats and the Central Bank and Bank of Cyprus officials for the release of blocked time deposits of €960 million. According to the report, the talks on the issue have not been completed as the troika favours the release of smaller amount.
Other headlines:
-Troika starts with privatizations
-Salary cuts in CCB with order
-Champions in negative records
The “Economy” inset of newspaper “Alithia” refers to the order issued by the Finance Ministry yesterday on salary reductions in the Cooperative Central Bank. According to the report, ETYK’s refusal to accept the reductions put the third assessment at risk.
The “Economy” inset of the newspaper refers to the contacts of the troika technocrats yesterday. According to the report, talks focus on the banks, the fiscals, the General Health Plan, the privatizations and the red loans that were shot to 46%.
Other headlines:
-New improvement of the economy
-Restructuring of loans to be approved today
The “Economy” inset of newspaper “Phileleftheros” refers to the cut in salaries in the Cooperatives after the issue of the Finance Ministry’s order. According to the report, by decree of Harris Georgiades it was decided and imposed a wage and benefit cut of 15% among 300 employees of the Cooperative Central Bank. ETYK responded by describing the decision morally unjust and unethical, while trade unions SEK, PEO and DEOK expressed strong opposition.
Elsewhere the newspaper reports that according to Central Bank data, deposits in December showed signs of stabilization since outflows fell to €165 million.
Other headlines:
-Twelve appointments and a merger – Cooperative companies
-Labour issues must be settled with dialogue and not orders
-Improvement of economic sentiment for the ninth month
-Troika in Cyprus
The “Economy” inset of newspaper “Politis” refers to the order issued by the Finance Ministry on salary reductions in the Cooperative Central Bank. Specifically, Haris Georgiadis amended the decree for the recapitalization of the cooperative movement and published it in a special edition of the gazette.
“Politis” also refers to yesterday’s contacts between the troika technocrats and the Cypriot authorities in the context of the third assessment of the Cypriot memorandum.
Other headlines:
-Small decline in deposits in December
-Exchange experiments in December
-New improvement of economic sentiment in January
-Losses of 0.21% in the CSE
The newspaper “Simerini” refers to the Finance Minister’s decision to issue an order for a reduction in the salaries of the 300 employees in the Cooperative Central Bank, members of ETYK. According to the report, ETYK said the order is unethical and morally wrong.
The “Economy” inset of the newspaper refers to today’s contacts of the troika technocrats, which will focus on issues concerning the cooperative sector. Meanwhile, the final plan for the restructuring of the Coops will be officially forwarded to the general directorate of competition of the EU today or tomorrow.
Other headlines:
-OEB to meet Cyta tomorrow
-Deposits in December fell by €164.6m
-Talks for privatizations to take long
-Perdikis: Bank of Cyprus must hasten procedures for its share
The newspaper “Haravgi” refers to the criticisms of the Cyta trade unions for the retirement scheme. In a joint announcement, EPOET, PASE-ATIK, SIDIKEK, ASET-Cyta and SEP-ATIK welcomed the dynamic reaction of the Cyta council against OEB. In his own statements, OEB Director, Michalis Pilikos insists on his positions for the withdrawal of employees from Cyta as redundant staff without early retirement scheme.
The “Economy” inset of the newspaper refers to the deliberations between the troika technocrats and the Central Bank and Bank of Cyprus officials for the release of blocked time deposits of €960 million. According to the report, the talks on the issue have not been completed as the troika favours the release of smaller amount.
Other headlines:
-Troika starts with privatizations
-Salary cuts in CCB with order
-Champions in negative records
The “Economy” inset of newspaper “Alithia” refers to the order issued by the Finance Ministry yesterday on salary reductions in the Cooperative Central Bank. According to the report, ETYK’s refusal to accept the reductions put the third assessment at risk.
The “Economy” inset of the newspaper refers to the contacts of the troika technocrats yesterday. According to the report, talks focus on the banks, the fiscals, the General Health Plan, the privatizations and the red loans that were shot to 46%.
Other headlines:
-New improvement of the economy
-Restructuring of loans to be approved today
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