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Cyprus News Agency: News in English (PM), 99-12-28

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Cyprus Stock Exchange
  • [02] Parliament - CSE investments
  • [03] Parliament - Interest rate ceiling

  • 1800:CYPPRESS:01

    [01] Cyprus Stock Exchange

    Nicosia, Dec 28 (CNA) -- The Cyprus Stock Exchange (CSE) All Share Index closed at today's stock exchange meeting as follows:
          CSE General Index                         688.44 ( 1.08)
    
          Traded Value            CYP 23,254,092
    
          Sectural Indices
    
          Banks                   CYP 9,160,882     749.92 ( -0.57)
          Approved Investment
          Companies               CYP 1,397,348     720.59 (  3.39)
          Insurance Companies     CYP   959,588     396.82 ( -0.87)
          Manufacturing Companies CYP 1,204,025     273.21 (  5.56)
          Tourism Companies       CYP 1,910,534     754.09 (  1.99)
          Trading Companies       CYP 1,313,736     339.63 ( 14.52)
          Other Companies         CYP 5,458,959     802.31 (  1.38)
    
    The third column presents the percentage variation of the indices as compared to the last meeting.

    CNA MCH/1999
    ENDS, CYPRUS NEWS AGENCY
    2010:CYPPRESS:02

    [02] Parliament - CSE investments

    Nicosia, Dec 28 (CNA) -- The House of Representatives today approved new regulations concerning the taxation of profits from investments in the Cyprus Stock Exchange, an issue that raised heated discussions over the past few days.

    The House adopted a joint amendment to the government bill, providing that for 1999 the first 35 thousand pounds in profits are not taxed.

    CNA MK/MA/MCH/1999
    ENDS, CYPRUS NEWS AGENCY
    2030:CYPPRESS:03

    [03] Parliament - Interest rate ceiling

    Nicosia, Dec 28 (CNA) -- The House of Representatives today approved legislation lifting a maximum nine per cent ceiling on interest rates.

    The new law will come into effect as from January 1 2001 and provides for the liberalisation of interest rates.

    CNA MK/MA/MCH/1999
    ENDS, CYPRUS NEWS AGENCY
    CNA ENDS
    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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