The major issue that dominates today’s financial press is CSE’s first reaction during Tuesday’s session, after the submission of the UN peace plan to the Cypriot leaders.
The “Economy” inset of newspaper “Phileleftheros” under the title “Jittery reaction” refers to CSE’s marginal rise, after the submission of the peace plan by the UN secretary-general, Kofi Annan. According to the report, investors’ first reaction on the trading floor is “jittery and hesitant” ahead of the solution plan and the reaction of the Turkish Cypriot leader, Rauf Denktash. “Today’s session will be particularly indicative for the future, as more details of the UN plan will emerge, while more Turkish reactions are expected to take place” analysts said.
Elsewhere the newspaper mentions that the bad debts of banks will negatively affect their results for the third quarter of 2002.
The “Economic” inset of newspaper “Alithia” under the title “CSE reacted calmly ahead of the political developments” mentions that “despite the uncertainty as to government’s reaction over the UN peace plan” the CSE remained calm, closing slightly higher. “The reaction of the general index is to be affected by the political conditions in Cyprus, after the details of the UN peace plan become known and the political leaders proceed to formal comments or remarks over the plan”, economists noted.
Elsewhere the newspaper highlights that the chairman of DIKO and legal adviser of the CSE and other listed companies, Tasos Papadopoulos, is to be called before the Parliamentary Subcommittee of Audit, which has proceeded to investigations over the CSE scandal between 1999-2000.
The “Economy” inset of newspaper “Simerini” deals with the issue of petrol subsidies. According to the report, the Community acquis is to “suspend petrol subsidies”, however, the Cyprus government is ready to facilitate farmers in order to secure agriculture.
Elsewhere the newspaper points out that the CSE general index was particularly neutral during yesterday’s session.
The “Economy” inset of newspaper “Phileleftheros” under the title “Jittery reaction” refers to CSE’s marginal rise, after the submission of the peace plan by the UN secretary-general, Kofi Annan. According to the report, investors’ first reaction on the trading floor is “jittery and hesitant” ahead of the solution plan and the reaction of the Turkish Cypriot leader, Rauf Denktash. “Today’s session will be particularly indicative for the future, as more details of the UN plan will emerge, while more Turkish reactions are expected to take place” analysts said.
Elsewhere the newspaper mentions that the bad debts of banks will negatively affect their results for the third quarter of 2002.
The “Economic” inset of newspaper “Alithia” under the title “CSE reacted calmly ahead of the political developments” mentions that “despite the uncertainty as to government’s reaction over the UN peace plan” the CSE remained calm, closing slightly higher. “The reaction of the general index is to be affected by the political conditions in Cyprus, after the details of the UN peace plan become known and the political leaders proceed to formal comments or remarks over the plan”, economists noted.
Elsewhere the newspaper highlights that the chairman of DIKO and legal adviser of the CSE and other listed companies, Tasos Papadopoulos, is to be called before the Parliamentary Subcommittee of Audit, which has proceeded to investigations over the CSE scandal between 1999-2000.
The “Economy” inset of newspaper “Simerini” deals with the issue of petrol subsidies. According to the report, the Community acquis is to “suspend petrol subsidies”, however, the Cyprus government is ready to facilitate farmers in order to secure agriculture.
Elsewhere the newspaper points out that the CSE general index was particularly neutral during yesterday’s session.
3287.99
1275.09
