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Press: Mr. Alexakis’ reply letter and CSE gains

30/10/2002 09:11
Major issues of today’s financial press are the reply letter of ASE president, Panayiotis Alexakis, the CSE gains during the last few days and the investigation conducted by the Investigation Committee.

The “Economy” inset of newspaper “Simerini” under the titles “CSE exposed” and “P. Alexakis sets the record straight” refers to Mr. Alexakis’ letter to CSE denying allegations contained in the CSE announcement dated October 25. According to the report, Mr. Alexakis clarified the issue of the Mediterranean index FTSE-Mediterranean 100 between the Stock Exchanges of Athens, Cyprus and Israel “in a straightforward way”, while the CSE finally issued an announcement praising the ASE president.

The report also deals with the CSE announcement issued on October 25, according to which the ASE president gave in to the Turkish pressures and proceeded to the creation of a new index between the Stock Exchanges of Athens, Istanbul and Tel Aviv, without the participation of the CSE.

Elsewhere, the newspaper quotes that the government is called to take measures against super market illegalities.

The “Economy” inset of newspaper “Phileleftheros” under the titles “Days of ‘99” and “Specialists urge investors to be careful” refers to the CSE rise during the last few days, ahead of an eminent solution of the Cyprus problem, the meeting between President Klerides and Rauf Denktash, as well as the cancellation of the military operations between Athens, Cyprus and Ankara. According to the report, all the aforementioned issues “led to yesterday’s ‘limit up of excitement’”.

Elsewhere, the newspaper highlights that Community’s instructions over the harmonization of the profession of auditors has split the auditors.

The “Economic” inset of newspaper “Alithia” under the title “Five suspects for market manipulation” highlights that the Investigation Committee has already prepared a file containing the names of 5 or 6 individuals, who, between 1999-2000 proceeded to heavy investments in the CSE, gaining millions of pounds. The Investigation Committee has sent the files to the Public Prosecutor for further investigation.

Elsewhere, the newspaper highlights that Insurance Companies still face a decline in the attribution of investing funds.