Today’s main publication of newspaper “Phileleftheros” concerns the recent decision of OTE Board of Directors to place the president of CSE, Pavlos Savvides, at the head of OTE International in Cyprus. It is mentioned that Mr. Savvides will co-ordinate all company’s activities in Cyprus and Middle East, while, Greek telecom organization is already in search of a Commercial and Technical Director in Cyprus.
With reference to yesterday’s publication of “Phileleftheros”, it has been clarified that there are contacts between OTEnet and the Cypriot listed company AvacomNet negotiating the sale of its ISP division and not the entire company. AvacomNet claims that contacts have not yet reached the final stage, while OTEnet denies the publication.
However, as a result of the publication about OTEnet negotiations, newspaper’s inset “Economia” under the title “Limit up for both Avacom” refers to the upward trends of the two companies (AvacomNet Services-Avacom Computer Services) in CSE. The upturn in share price of both companies led to a 15-minute discontinuance of negotiations suspension of CSE trading so that Avacom makes a further announcement clarifying the OTEnet issue.
As it is also mentioned, Avacom Computer Services had yesterday an upturn that reached 20% while AvacomNet reached 23.8%.
“Economy-Stock Exchange” inset of “Simerini” newspaper under the title “Attack to price hikes” refers to market researches held by Consumers Association in super markets and stores due to exceeding raises in product and service prices. According to president Petros Markou, there is no need for boycott in Cyprus yet, but if there will be one, an attack on several fronts has to be decided first.
In addition, companies related to this recently voted Law deny paying all investors back. As a result, the specific Law will come before the court.
The inset “Economiki” of “Alithia” newspaper under the title “The function of ISC is in final stages” refers to the training seminars of the Securities and Exchange Committee officials for the specific law. Moreover, it is emphasized that the president of SEC discusses all versions with the Greek expert so that there are no misconstructions when the law is implemented.
It also mentions that the market research is held in 12 super markets and 40 products.
With reference to yesterday’s publication of “Phileleftheros”, it has been clarified that there are contacts between OTEnet and the Cypriot listed company AvacomNet negotiating the sale of its ISP division and not the entire company. AvacomNet claims that contacts have not yet reached the final stage, while OTEnet denies the publication.
However, as a result of the publication about OTEnet negotiations, newspaper’s inset “Economia” under the title “Limit up for both Avacom” refers to the upward trends of the two companies (AvacomNet Services-Avacom Computer Services) in CSE. The upturn in share price of both companies led to a 15-minute discontinuance of negotiations suspension of CSE trading so that Avacom makes a further announcement clarifying the OTEnet issue.
As it is also mentioned, Avacom Computer Services had yesterday an upturn that reached 20% while AvacomNet reached 23.8%.
“Economy-Stock Exchange” inset of “Simerini” newspaper under the title “Attack to price hikes” refers to market researches held by Consumers Association in super markets and stores due to exceeding raises in product and service prices. According to president Petros Markou, there is no need for boycott in Cyprus yet, but if there will be one, an attack on several fronts has to be decided first.
In addition, companies related to this recently voted Law deny paying all investors back. As a result, the specific Law will come before the court.
The inset “Economiki” of “Alithia” newspaper under the title “The function of ISC is in final stages” refers to the training seminars of the Securities and Exchange Committee officials for the specific law. Moreover, it is emphasized that the president of SEC discusses all versions with the Greek expert so that there are no misconstructions when the law is implemented.
It also mentions that the market research is held in 12 super markets and 40 products.
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