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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ Athens and Cyprus stock exchanges expand their cooperation ]

Athens and Cyprus stock exchanges expand their cooperation

Athens and Cyprus stock exchanges expand their cooperation
July 01, 2009

Cyprus and Athens Stock Exchanges have expanded their cooperation framework by signing additional agreements. A joint announcement says that the two stock exchanges decided to sign the additional agreements “recognizing the mutual benefits of their cooperation so far through the Common Platform as well as the significant challenges which they have to face for their future growth”.
According to the announcement, the expanded cooperation between Hellenic Exchanges Group (HELEX) and Cyprus Stock Exchanges (CSE) aims for the development of new products and services for both markets’ participants and to the increase of their competitiveness by utilizing the diminished operating cost and the economies of scale provided by the homogeneous technological and regulatory environment under which the two exchanges operate».
It is also added that “within this framework, the two stock exchanges redefined the way of their cooperation with additional agreements to the already used infrastructure and at the same time recognize the need for expanding their cooperation by opening the derivative market to the Cypriot members, as well by offering new services regarding CSE market data feed.
Finally, it is mentioned that “a final settlement of the rights of the Cyprus depository for the Cypriot Shares which are traded secondarily in the Greek market took place».


(Source: Financial Mirror, http://www.financialmirror.com/News/Cyprus_and_World_News/16235)



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