Markets see Chirac win, call for flotation of rates
Markets tipped Jacques Chirac to win the French presidential elections, but were uneasy on some of his policies, while at home, Bank of Cyprus Chairman Solon Triantafyllides called fro the flotation of interest rates as part of the path towards EU membership, according to the Cyprus Financial Mirror issue 108, on April 26, 1995.
as the Jacques Chirac to beat socialist rival Lionel Jospin for the French presidency, but remained nervous about the impact of his economic policies, such as reducing the deficit in the health care system without cutting benefits, cutting the budget deficit while reducing taxes.
Bank of Cyprus Chairman Solon Triantafyillides said that it was high time rates were right conditions exist for Cyprus’ EU membership. He told shareholders at the AGM that the flotation will benefit both depositors and borrowers.
CA BAC 1-11s:
Cyprus Airways is expected to decide who to sell its three BAC 1-11s to, with Chairman Vassilis Rologis saying that despite the loss of aircraft, 110,000 more seats would be created this year. After huge losses in 1992-1993, CA managed to return to the black with a profit of about CYP 3-4 mln expected. In 1994, the airline carried 1.3 mln passengers and Eurocypria 382,000.
Former President George Vassiliou has accepted an invitation from the Turkish Cypriot Young Businessmen to visit the north and talk about the economic implications of a solution.