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Cyprus News Agency: News in English, 08-05-22
CONTENTS
[01] CSE 2007 RESULTS
[02] BISHOP - OCCUPIED CHURCHES
[01] CSE 2007 RESULTS
Chairman of the Cyprus Stock Exchange Board of Directors, Giorgos
Koufaris has described 2007 as ``absolutely successful,`` noting that
the CSE prepares to meet the challenges presented in 2008,
characterised by a global financial crisis. Presenting CSEs financial
results for 2007, Koufaris said that the CSE`s revenues increased by
50% to 6.4 million Cyprus pounds, compared to 4.3 million pounds in
2006. The CSE expenses remained at the same levels namely 3 million
pounds.
According to Koufaris, the 2007 overall volume reached 3.9 billion euro
compared to 2.6 billion in 2006, while the daily volume stood at 15.7
million euros. CSE`s General Index rose, from 3.970 on January 1, 2007,
to 4.820 units, while the 2007 high stood at 5.518,50 units. Currently,
the CSE General Index stands at 3.300 units, presenting a reduced daily
volume of 7 million euros, a decrease attributed by Koufaris, to the
global financial crisis, as well as the operation of the Common Trading
Platform of CSE and Athens Stock Exchange (ASE), established in 2007.
``From the end of 2007 until today, as a result of the rising oil
prices, the subprime crisis in the US, dollars continuous downwards
course and the possible recession of the US economy, insecurity was
created among the investors who became more conservative, so continuous
fluctuations and liquidations were recorded in the CSE,`` Koufaris
noted. "The derivative market will be in place before the end of the
year,`` Koufaris added. He admitted that the CSE-ASE Common trading
platform resulted in a reduced volume for the CSE, noting that the CSE
and ASE authorities are in consultations with a view to produce a
formula that would reduce the revenues loss of the CSE.
[02] BISHOP - OCCUPIED CHURCHES
A senior Church of Cyprus clergy has raised with the British Foreign
Office problems which Greek Cypriots face in the northern Turkish
occupied part of Cyprus. He also raised the issue of missing persons in
Cyprus, saying that the process of exhumation and indentification of
remains of Greek Cypriot and Turkish Cypriot missing persons must move
at a faster pace. Bishop of Karpasia Christoforos has informed Foreign
Office officials about the destruction of religious and cultural sites
in the occupied north and talked about problems which Greek Cypriots
living in these areas face.
He referred to difficulties the local Greek school at the village of
Rizokarpaso faces, the demolition of houses and stressed the need to
proceed with repairs at the historic St. Andrews Monastery, on the
north-east of the island. Bishop of Karpasia met Foreign and
Commonwealth Cyprus Desk Officer, Benjamin Wastnage and informed him
about the looting of churches and other religious sites, underlining
that the government of the Republic of Cyprus restores Turkish mosques
in the southern government controlled part of the country.
He also talked about the humanitarian issue of missing persons and
appealed for help to speed up procedures regarding the identification
of remains, pointing out that Britain can help solve or alleviate the
pain of relatives whose loved ones have been missing for decades,
either since the 1974 Turkish invasion or since intercommunal fighting
in the early 1960s. The British diplomat welcomed the change in the
political climate in Cyprus, following the election of Demetris
Christofias to the presidency of the Republic, and the meetings he is
holding with Turkish Cypriot leader Mehmet Ali Talat. He said he would
convey the Bishops views to FCO officials.
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