Latest news for the employment of the extra temporary staff at the Cyprus Stock Exchange seem to be pessimistic, as according to StockWatch sources “the dismissal of several employees in the CSE is almost inevitable”. Same source reveals that at the current market conditions prevailing, it is clear that the CSE employees excess capacity.

Meanwhile, the temporary staff has expressed its relief with regard to the latest developments, as the Finance Ministry finally proceeds to the long-expected investigation, hoping however, that dismissals will only affect a small number of employees.

The 65 temporary employees have received a questionnaire that has to be filled by next week, so that the procedure is completed the soonest possible. It is noted that the CSE budget covers only the salary of the “65” for April 2003.