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Cyprus News Agency: News in English (PM), 99-02-04

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

From: The Cyprus News Agency at <>


  • [01] Cyprus Stock Exchange
  • [02] President Clerides - Christofias - Ghandi
  • [03] Kasoulides - Brussels - Athens
  • [04] President - Multi-national force
  • [05] Defence Budget - House debate
  • [06] Cyprus - Norway - New ambassador
  • [07] Hercus - UN peace-keeping

  • 1730:CYPPRESS:01

    [01] Cyprus Stock Exchange

    Nicosia, Feb 4 (CNA) -- The Cyprus Stock Exchange (CSE) All Share Index closed at today's stock exchange meeting as follows:
          CSE General Index                         106.10  (-0.32)
          Traded Value            CYP 6,726,800
          Sectural Indices
          Banks                   CYP 2,346,495     124.27 (-0.11)
          Approved Investment
          Companies               CYP   455,380      69.76 ( 0.35)
          Insurance Companies     CYP   647,639      79.77 (-0.24)
          Manufacturing Companies CYP   465,015      98.26 (-0.82)
          Tourism Companies       CYP   544,001      81.41 (-1.77)
          Trading Companies       CYP   699,128      51.41 ( 0.90)
          Other Companies         CYP   474,007      88.37 (-1.52)
    The third column presents the percentage variation of the indices as compared to the last meeting.
    CNA MA/1999

    [02] President Clerides - Christofias - Ghandi

    Nicosia, Jan 4(CNA) -- President Glafcos Clerides today described Indian leader Mahatma Ghandi as "one of the greatest international personalities of the century."

    After signing a book which opened at the Indian High Commission in Nicosia on the occasion of the 50th anniversary since Ghandi's death, President Clerides said the Indian leader managed to free his people from colonial rule through the use of passive disobedience.

    Signing the book, left-wing AKEL party Secretary General Dimitris Christofias wrote that Ghandi "was a great man of vision and a philosopher and at the same time a fighter for freedom, democracy, human rights and social justice."

    He added that Ghandi's philosophy was decisive not only for his people's struggle for independence but also for the international anti- colonial movement.

    CNA FZ/MA/1999

    [03] Kasoulides - Brussels - Athens

    Larnaca, Feb 4 (CNA) -- Foreign Minister Ioannis Kasoulides has expressed satisfaction with his talks in Brussels and Athens and said he believed accession negotiations with the European Union would proceed as scheduled.

    Speaking at Larnaca airport on his return from the Greek capital, Kasoulides said "I would like to believe and I have reason to believe, that EU membership talks will carry on as planned" on the next eight chapters in addition to the two chapters that have not yet been concluded.

    Describing his meeting with EU Commissioner for External Relations Hans Van den Broek as "very good and productive", Kasoulides fully backed statements by the Commissioner that Turkey should refrain from any kind of action that would slow down Cyprus' accession process.

    He also said the Commission and the Council would do everything to maintain the pace of good progress so far achieved in the negotiations with Cyprus.

    "We discussed about the accession process and developments in the Cyprus problem in relation to this process," he said.

    Referring to his talks in Athens, Kasoulides said he had a "warm exchange of views with Mr. Pangalos on recent developments in Cyprus and the handling of the problem as well as the EU process."

    He said discussions from now on will focus on how to proceed and how to make the most of the present possibilities for the benefit of the Cyprus issue and the accession process.

    Asked to outline the result of his Athens talks, Kasoulides said "I believe we have laid down some short term objectives on the tactics we will apply in relation to the Cyprus question and we have also exchanged views on the accession process."

    CNA MAN/MM/MA/1999

    [04] President - Multi-national force

    Nicosia, Feb 4 (CNA) -- President Glafcos Clerides has made it clear that any multi-national force that may be deployed in Cyprus should have its terms of reference and its composition defined by the UN Security Council.

    "I would like to see an international force with a mandate from the Security Council, which will decide on its composition," the President said today, replying to press questions on the matter.

    The President pointed out that he would accept either the deployment of a NATO force or a force whose composition will be determined by the UN Council.

    Speaking on the same issue, Foreign Minister Ioannis Kasoulides referred to the President's proposal for a multinational force, made up of different countries, including NATO members.

    On his part, Government Spokesman Christos Stylianides said the government is open to discussion but insists that its role and composition should be approved by the Security Council.

    CNA MM/MA/1999

    [05] Defence Budget - House debate

    Nicosia, Feb 4 (CNA) -- The House of Representatives Defence Committee today started debating the defence fund for 1999 in the presence of Defence Minister Yiannakis Chrysostomi and Finance Minister Christodoulos Christodoulou.

    The Committee did not enter into a discussion of the provisions included in the budget.

    In his speech before the Committee, the Defence minister outlined in general terms the objectives of this year's budget.

    Speaking after the meeting, he said the debate had begun but refused to disclose anything about the estimated cost of the defence budget or the proposed purchase of new weapons.

    "We are not in the habit of discussing such matters in public," the minister said.

    The debate continues next week.

    CNA MM/MA/1999

    [06] Cyprus - Norway - New ambassador

    Nicosia, Feb 4 (CNA) -- King of Norway Harald V today confirmed his country's support and interest in a settlement to the Cyprus problem and referred to the very good relations between the two countries.

    At a private hearing after receiving the credentials of the new Cyprus ambassador to Norway, Leonidas Pantelides, the Norwegian King asked several questions about the Cyprus question and said he follows developments on the island.

    Pantelides, who is based in Stockholm, briefly presented the Cyprus problem and also referred to the Republic's bid to join the European Union and how this can act as a catalyst for a settlement.

    He said a settlement to the Cyprus question and the reunification of the island are an urgent and high priority for the government and the people of the island.

    CNA MK/MA/1999

    [07] Hercus - UN peace-keeping

    Nicosia, Feb 4 (CNA) -- The Chief of Mission of the UN peace-keeping force in Cyprus, Dame Ann Hercus, has stressed in no uncertain terms that UNFICYP cannot operate on the island without the consent and the cooperation of both sides of the divide.

    She also said peace-keeping can help solidify ceasefires, restore confidence and thus create time and space for peacemakers to negotiate a settlement of a conflict.

    Speaking today at a meeting of the Nicosia Rotary Club, Dame Ann outlined the main factors which make a peace-keeping mission successful, pointing out that a clearly defined and practical mandate is necessary, so is the genuine and lasting consent of opposing authorities as well as their understanding and acceptance of what the peace-keeping operation is there to do.

    Respect for the principles of neutrality and impartiality, political support from the UN Security Council and member states with a special interest in an area are also important elements, she remarked.

    Addressing herself to those who advocate more UN intervention by force, she quoted the words of the ancient Greek philosopher Aristotle giving them her full backing that "it is more difficult to organise peace than to win a war."

    Hercus was, as always, extremely careful not to reveal anything about the content of the shuttle talks she has been engaged in with the Greek and Turkish Cypriot sides, saying confidentiality was of primary importance to her task.

    "Many many people, including reporters, say to me keep up the confidentiality," she said.

    Dame Ann has been shuttling between President Glafcos Clerides and the leader of the Turkish Cypriot community Rauf Denktash in Turkish occupied Cyprus in a bid to resume intercommunal talks and reduce tension.

    CNA MM/MA/1999
    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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