The Pancyprian Cooperative Society for the Promotion of Cooperativism was established on Tuesday, which aims to promote the Cooperative Principles and Values and to conduct studies for the registration of a Cooperative Credit Institution.
More specifically, this Committee will work in a transparent manner, having as its main concern to present a proposal that will lead to the establishment of a Cooperative Credit Institution, based on the principles and values of the Cooperative idea.
According to a statement, the efforts of the Pancyprian Co-operative Society for the Promotion of Co-operativism will be carried out in parallel and in full consultation with the Registrar of Co-operative Societies, the Securities and Exchange Commission and the Central Bank of Cyprus.
(CNA)
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