CSE: Expansion of cooperation with Egyptian stock exchange

The CSE representation in Egypt had very fruitful contacts and deliberations in Egypt and put the bases for the strengthening and expansion of the cooperation between the two stock exchanges.

The CSE representation participated in the official delegation that accompanied the President of the Republic, Demetris Christofias in Egypt.

During its stay in Cairo, the CSE representation held a private meeting with the competent authorities of the Egyptian stock exchange, during which the two parties had talks on the ways of expansion of their cooperation on the basis of the Memorandum of Understanding that they have signed. At the same time, the examined practical ways to enforce their cooperation and agreed to continue having contacts for the full exploitation of the bilateral cooperation.

The Business Forum was also exceptionally successful. The speech of General Manager, Nontas Metaxas on behalf of the CSE focused on “The contribution of Exchanges of Cyprus and Egypt to bilateral cooperation”.

Special interest was expressed in the Cyprus capital market during the road show organized for the Egyptian businessmen and investors. During the road show, the representatives of CSE-listed companies informed the Egyptian institutional investors on the opportunities that Cyprus and its companies offer to the foreign investors.

The Minister of Finance, Charilaos Stavrakis, spoke to the Egyptian stockbrokers and other market factors before the start of the session and urged the Egyptian businessmen to take advantage of the opportunities that the CSE and the Cypriot economy in general offer.

It id worth noting that Mr. Stavrakis rung the traditional bell, which declares the start of a significant or anniversary session.