Nicosia, Cyprus. The Cyprus Stock Exchange on Thursday recapped its 30th anniversary event, highlighting its contribution to economic development and outlining future priorities. The exchange emphasised its role in supporting businesses and strengthening Cyprus’ capital market.
Anniversary event and attendees
The event was attended by President Nikos Christodoulides, Finance Minister Makis Keravnos, Labour Minister Yiannis Panayiotou, the House finance committee leadership, representatives of Athens Stock Exchange and Hellenic Energy Exchange, as well as institutional and business stakeholders.
Role in funding and market development
CSE president Marinos Christodoulides said the exchange’s history reflects “trials, lessons and a determined restart,” adding that it has enabled companies to raise capital, modernise and grow, while offering investors a framework for participation.
Crises shaping the exchange’s evolution
He referred to major crises including the late-1990s market turmoil, the 2013 financial crisis, the coronavirus pandemic and the war in Ukraine, noting that these shaped the exchange’s evolution.
Partnerships, services and international cooperation
Christodoulides highlighted partnerships and initiatives including a joint platform with the Athens Stock Exchange, which he said delivered benefits in infrastructure, investment and trading activity. He added that since October the exchange has provided settlement and clearing services for Cyprus’ competitive electricity market, and has recently established cooperation with India’s stock exchange.
Regulatory reforms and future priorities
Christodoulides said regulatory reforms have aligned the CSE with European standards, improving services for listed companies, investors and market participants. He said the exchange aims to be at the forefront of digitalisation and automation to enhance speed, security and accessibility in transactions.
Privatisation plans
He described privatisation as a strategic step, saying that under a credible international investor the exchange could attract more companies and investors and strengthen Cyprus’ position in regional capital markets.
What priorities should the Cyprus Stock Exchange focus on next as it pursues digitalisation and potential privatisation?
