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Cyprus News Agency: News in English (PM), 97-08-26

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <>


  • [01] Cyprus Stock Exchange
  • [02] War against Cyprus means war against Greece
  • [03] Karamanlis calls for reaction to Turkish threats

  • 1540:CYPPRESS:01

    [01] Cyprus Stock Exchange

    Nicosia, Aug 26 (CNA) -- The Cyprus Stock Exchange (CSE) All Share Index closed at today's stock exchange meeting as follows:
    CSE All Share Index                    76.91 (+0.84)
    Highest: 82.46 (2/1/97)
    Lowest : 73.90 (30/1/97)
    Sectural Indices
    Banks                                  86.70 (+0.98)
    Approved Investment Companies          65.34 (+0.65)
    Insurance Companies                    57.42 (-0.28)
    Industrial Companies                   75.79 (+0.89)
    Tourist Industries                     66.77 (+0.13)
    Commercial Companies                   47.02 (+0.26)
    Other Companies                        61.34 (+2.06)
    Trading Volume                         CYP 464478.914
    * The difference in brackets represents the percentage increase (+) or decrease (-) of the index from the previous stock exchange meeting.
    CNA MA/1997

    [02] War against Cyprus means war against Greece

    Nicosia, Aug 26 (CNA) -- If Turkey declares war against Cyprus, this would also mean declaration of war against Greece, Government Spokesman Manolis Christofides stressed today, pointing out that such an action would constitute a casus belli.

    Christofides was commenting on statements made by Turkish Cypriot leader Rauf Denktash, yesterday, threatening with war if Cyprus joined the European Union (EU).

    "If his (Denktash) threats for war aim at Cyprus, this will automatically mean war against Greece because it is reason for casus belli", he said.

    Athens has often said that it would step in if Turkey advances in Cyprus, noting it would be cause for war (casus belli).

    Christofides added that if Denktash's threats for war are directed towards the EU "because he considers it responsible for his own intransigence, then this is a clearly quixotic attitude."

    Reiterating the wish of the Greek Cypriot side for peace, Christofides said the two communities should compete as to which will offer more towards the creation of a "common home" and for the happiness and prosperity of all Cypriots.

    Asked whether Denktash's threats make the arrival of the Russian made S- 300 anti-aircraft missiles in Cyprus all the more necessary, the Spokesman repeated that the Russian missiles are defensive weapons.

    He also reminded that President Glafcos Clerides' proposal for demilitarisation of the island still stands.

    Pointing out that this is a crucial period for the Cyprus problem, Christofides said that even though the first and second round of direct talks between President Clerides and Denktash have not been successful the process continues.

    "We are waiting for the next step which is expected to be very serious", he added.

    President Clerides and Denktash participated in two rounds of UN- sponsored direct talks, in July and August, which came to a deadlock because of the Turkish Cypriot leaders insistence not to negotiate unless the EU postponed its decision to start accession talks with Cyprus next year.

    CNA MK/MCH/MA/1997

    [03] Karamanlis calls for reaction to Turkish threats

    Nicosia, Aug 26 (CNA) -- The international community should stop turning a blind eye to Turkish threats against Cyprus, Constantinos Karamanlis, leader of the main Greek opposition party, New Democracy (ND), stressed here today.

    The Greek opposition leader was speaking after a meeting with Nicos Anastasiades, leader of right-wing ruling Democratic Rally (DISY) party, at whose invitation Karamanlis and a four-member ND delegation is visiting Cyprus.

    Pointing out that all Greeks consider Cyprus' defence a top priority and moral obligation, Karamanlis pledged assistance and support in order to achieve a settlement of the protracted Cyprus problem and to restore human rights on the island.

    Commenting on recent war-threats by Turkish Cypriot leader Rauf Denktash, if Cyprus joins the European Union, Karamanlis called on the international community to "stop turning a blind eye to Turkish threats and acknowledge the aggressor and the party that violates international law."

    He also pointed out that Greeks should always be alert and coordinate their efforts in order to face Turkish threats.

    On his part, Anastasiades described the meeting as useful and said that there is complete agreement between the two parties concerning policies followed on the Cyprus problem.

    Karamanlis also met today with party political leaders, the Primate of the Greek Orthodox Church of Cyprus, Archbishop Chrysostomos, Defence Minister Costas Eliades and National Guard Chief Nikolaos Vorvolakos.

    The Greek opposition party delegation departs for Athens tomorrow.

    CNA MCH/MA/1997
    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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