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Cyprus News Agency: News in English, 13-01-02

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Foreign Ministry apologises over incident with Egyptian Ambassador
  • [02] CSE Director: Cyprus Stock Exchange operates in an exemplary manner

  • [01] Foreign Ministry apologises over incident with Egyptian Ambassador

    The Ministry of Foreign Affairs of the Republic of Cyprus has expressed regrets and apologies for the treatment of Egyptian Ambassador Menha Mahrous Bakhoum, during an incident at Larnaca Airport.

    In a statement issued upon instructions of the President of the Republic Demetris Christofias, Minister of Foreign Affairs Erato Kozakou Marcoullis says that, the treatment of the Ambassador was not in conformity with the principle of inviolability of the person and respect of diplomatic representatives, and that a thorough investigation will be carried out.

    "Regarding the incident at Larnaca Airport, which took place on Saturday afternoon, 29 December 2012, concerning the Ambassador of the Arab Republic of Egypt, H.E. Mrs Menha Mahrous Bakhoum, and the police officers on duty, the Ministry of Foreign Affairs expresses publicly and sincerely its regrets and apologies for the treatment of the Ambassador, which was not in conformity with the principle of inviolability of the person and respect of diplomatic representatives," Marcoullis says.

    [02] CSE Director: Cyprus Stock Exchange operates in an exemplary manner

    The Cyprus Stock Exchange (CSE) operates in an exemplary manner, based on EU directives, CSE Director, Nondas Metaxas, has told CNA, invited to comment on a Financial Times report according to which the CSE ranks last in 2012 based on its percentage return which is estimated at a 60% fall.

    "It seems that the report refers to the Price Index which concerns the performance of companies listed on the CSE," he said, adding that "there seems to be no direct reference to the CSE and the way it functions, which is exemplary and under European Directives".

    He added that the CSE promotes a series of programs such as its new market called the Emerging Companies Market (E.C.M.), noting that nine new companies of foreign interest (seven Greek, one Russian and one Israeli) as well as bonds of foreign companies have recently been listed.


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