Financial Mirror on-line, Telerate slashes CSE costs
The Financial Mirror joined the world wide web of 60 mln users with the first newspaper website in Cyprus, while a stock market ‘cyber war’ has erupted with Telerate lowering its fees for Cyprus stock quotes, according to the issue 164, on May 29, 1996.
The Financial Mirror launched the first Cyprus newspaper website in cooperation with ISP LogosNet, offering a highlight of weekly news, stock market prices, exchange rates and business news.
Lefteris Antoniades of the Church-owned Internet host company said “the prospects for both the Financial Mirror and LogosNet are tremendous.” The URL address was www.cfm.cy.net
Dow Jones Telerate has slashed the cost of its Internet transmission of online prices from the Cyprus Stock Exchange from CYP 50 a month to 25, due to better streamlined feeds, despite the annual fees of CYP 9,000 paid to the bourse. This will make Telerate more competitive than Reuters and KapaTel.
The new 56-member parliament emerging from Sunday’s election convenes on June 6. Outgoing House President Alexis Ghalanos was re-elected o the DIKO ticket, as was former President Spyros Kyprianou. Another new MP is former president George Vassiliou, accompanied by his wife Androulla, having won seats for the Free Democrats. President Glafcos Clerides’ daughter Kate had the most votes among DISY candidates, just as Markos Kyprianou was elected for DIKO. Nicos Rolandis failed to get re-elected for the Liberals, while former state pathologist Marios Matsakis got in with DIKO in Limassol.