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CSE Completes Membership of Federation of Euro-Asian Exchanges

CSE Completes Membership of Federation of Euro-Asian Exchanges

The Cyprus Stock Exchange (CSE) has become a full member of the Federation of Euro-Asian Exchanges.

Marios Pilavakis, Chairman of the CSE, told a press conference on Tuesday that the Exchange completed its full membership of the FEAS in November 2015 despite objections expressed by Turkey, which has raised obstacles in the past regarding the Cypriot exchange’s accession.

“After many years of efforts we have managed to join the Federation,” Pilavakis revealed triumphantly.

Members of the Federation, which is based in Istanbul, are stock exchanges from the Middle East, South-eastern Europe and Asia. As a stock exchange of the European Union, the CSE may play a significant role as a bridge between those countries and the EU.

Pilavakis also spoke of the CSE’s role in Government efforts to attract foreign investment to Cyprus.

“The CSE constitutes a very important pillar in our bid to attract investments to Cyprus. As a result, our efforts focus on the full connectivity of our Stock Exchange with the economic development of the country,” he said.

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