Listing companies awaiting privatisation may revitalise investor interest in CSE

By Stelios Orphanides

The privatisation of state-owned companies has to go through the Cyprus Stock Exchange in order to make the process more transparent and increase investor interest, an economist and a CSE official said.

The exchange, which saw its average daily turnover rise 15 per cent to 307.849 euros last year compared to 267,476 euros the year before when it posted 2.6 million euros in after tax losses, saw its overall transaction volume increase to seven-digit figures after the relisting of the Bank of Cyprus share mid-December. Most of the more than 100 listed companies, saw their shares traded only on a limited number of occasions last year.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.