31/10/2002 09:00
The major issue that dominates today’s financial press is the remarkable rise of the CSE ahead of Cyprus accession to the European Union and the suspension of military exercises planned by Greece, Cyprus and Turkey.
The “Economy” inset of newspaper “Simerini” under the title “Green light for rise” refers to the climate of euphoria in the CSE and stresses that during the last two sessions stocks have recorded a remarkable jump, while trading volume is particularly heavy. According to the report, although market ‘veterans’ hold back to this unexpected rise, a possible solution of Cyprus partition problem may change the balance.
The report also supports that CSE rise is due to two significant factors: Cyprus accession to the EU and the suspension of military exercises between Greece, Cyprus and Turkey.
Elsewhere, the newspaper highlights that ‘AirTours’ – a company that brings 30% of British tourists in the island – is to collapse.
The “Economic” inset of newspaper “Alithia” under the title “CSE rise” mentions that the CSE general index has risen more than 18%, due to Cyprus EU prospects and the suspension of “Nikiforos” military exercise. According to the report, other factors that contributed to this unexpected turn are the positive developments over American intervention in Iraq, the stability of Cyprus economy as well as the right policy adopted by CSE Authorities and SEC.
Elsewhere, the newspaper mentions that the Greek expert, Dr. Demetris Tsimpanoulis, is to sign a new contract of cooperation with the Ministry of Finance today.
The “Economy” inset of newspaper “Phileleftheros” under the title “Bridge to Middle East” quotes that Greek companies discover Cyprus in the European Union. The report also refers to a Greek economic analyst’s article, according to which, allies between the Greek and Cypriot companies are expected to accelerate, as they are to become a “bridge” between the EU and the Middle East, while Cypriot companies have become considerably “extrovert”, ready to survive in world’s difficult environment.
Elsewhere, the newspaper deals with Cyprus’ contribution to the 6th Program Framework for the Research and Technological Development of the EU.
The “Economy” inset of newspaper “Simerini” under the title “Green light for rise” refers to the climate of euphoria in the CSE and stresses that during the last two sessions stocks have recorded a remarkable jump, while trading volume is particularly heavy. According to the report, although market ‘veterans’ hold back to this unexpected rise, a possible solution of Cyprus partition problem may change the balance.
The report also supports that CSE rise is due to two significant factors: Cyprus accession to the EU and the suspension of military exercises between Greece, Cyprus and Turkey.
Elsewhere, the newspaper highlights that ‘AirTours’ – a company that brings 30% of British tourists in the island – is to collapse.
The “Economic” inset of newspaper “Alithia” under the title “CSE rise” mentions that the CSE general index has risen more than 18%, due to Cyprus EU prospects and the suspension of “Nikiforos” military exercise. According to the report, other factors that contributed to this unexpected turn are the positive developments over American intervention in Iraq, the stability of Cyprus economy as well as the right policy adopted by CSE Authorities and SEC.
Elsewhere, the newspaper mentions that the Greek expert, Dr. Demetris Tsimpanoulis, is to sign a new contract of cooperation with the Ministry of Finance today.
The “Economy” inset of newspaper “Phileleftheros” under the title “Bridge to Middle East” quotes that Greek companies discover Cyprus in the European Union. The report also refers to a Greek economic analyst’s article, according to which, allies between the Greek and Cypriot companies are expected to accelerate, as they are to become a “bridge” between the EU and the Middle East, while Cypriot companies have become considerably “extrovert”, ready to survive in world’s difficult environment.
Elsewhere, the newspaper deals with Cyprus’ contribution to the 6th Program Framework for the Research and Technological Development of the EU.
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