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Cyprus News Agency: News in English (AM), 01-08-24

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

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Cyprus - Greece - Satellite programme
  • [02] Cyprus - Australia - High Commissioner
  • [03] Finance Minister - Chief negotiator - Tax policy
  • [04] Cyprus Stock Exchange
  • [05] Cyprus - Greek FM - Visit

  • 1045:CYPPRESS:01

    [01] Cyprus - Greece - Satellite programme

    Nicosia, Aug 24 (CNA) -- Cyprus and Greece have signed a memorandum of cooperation for a joint venture to launch two telecommunications satellites, the first by August 2002 and the second by March 2004.

    The deal, which will cost 250 million US dollars, was signed yesterday in Athens by Cyprus' Communications and Works Minister Averof Neophytou, Greece's Transport and Communications Minister Christos Verelis, and Cyprus- based Hellas Sat Consortium. CNA/RM/GP/2001

    ENDS, CYPRUS NEWS AGENCY
    1100:CYPPRESS:02

    [02] Cyprus - Australia - High Commissioner

    Nicosia, Aug 24 (CNA) -- General Governor of Australia Dr Peter Hollingworth has expressed hope for a solution to the Cyprus problem, which will safeguard the rights of all its citizens, regardless of their religious and ethnic origin.

    Hollingworth's statement was made when he received yesterday the credentials of Cyprus' new High Commissioner to Australia, Sotos Liasides. CNA/RM/GP/2001

    ENDS, CYPRUS NEWS AGENCY
    1200:CYPPRESS:03

    [03] Finance Minister - Chief negotiator - Tax policy

    Nicosia, Aug 24 (CNA) -- Cyprus' effort to reform its tax system, is one of the greatest challenges the country has to face in its harmonisation process with the acquis communautaire Chief Negotiator for Cyprus' accession to the European Union George Vassiliou said here today, adding that "time is pressing."

    Speaking at a three-day Conference which opened here today "for consideration of tax aspects of Cyprus as an International Business Centre joining the EU and efforts to eliminate harmful taxation", Vassiliou expressed the conviction that Cyprus would deal successfully with this issue, while on his part Finance Minister Takis Klerides said the aim is to harmonise Cyprus' current tax system with European Union legislation. CNA/AAR/RM/GP/2001

    ENDS, CYPRUS NEWS AGENCY
    1425:CYPPRESS:04

    [04] Cyprus Stock Exchange

    Nicosia, Aug 24 (CNA) - The Cyprus Stock Exchange (CSE) All Share Index closed at today's stock exchange meeting as follows:
    CSE General Index                              154,70  ( 0,02)
    
    Traded Value                  CYP  5.022.721
    
    FTSE/CYSE 20                  CYP  1.702.048   583,51  (-0,41)
    
    Sectoral Indices
    
    Banks                         CYP    574.327   155,75  (-0,26)Approved
    Investment
        Companies                 CYP    155.984   166,87  (-0,22)
    Insurance Companies           CYP     24.344    50,18  (-0,75)
    Manufacturing Companies       CYP    140.434    57,72  (-0,36)
    Tourism Companies             CYP    581.117   143,95  ( 2,10)
    Trading Companies             CYP    110.845    40,64  (-0,37)
    Building and Cement Companies CYP     11.065    60,64  (-0,72)
    Énformation Technology
        Companies                 CYP    359.253    15,06  ( 0,40)
    Financial Services Companies  CYP    501.674    32,55  (-0,94)
    Fish Culture Companies        CYP     23.341    42,96  (-1,15)
    Hotels                        CYP    817.188   104,48  ( 2,38)
    Other Companies               CYP  1.532.949   195,09  (-0,31)
    
    The third column presents the percentage variation of the indices as compared to the last meeting.

    CNA/GP/2001

    1430:CYPPRESS:05

    [05] Cyprus - Greek FM - Visit

    Nicosia, Aug 24 (CNA) -- Greek Foreign Minister George Papandreou will pay a two-day visit to Cyprus, starting August 4, it was announced here today.

    "The Foreign Minister of Greece George Papandreou, following consultations between the ministries of foreign affairs of Greece and Cyprus, will visit Cyprus on 4 and 5 September," an official press release, issued here today, said.

    CNA/RM/MM/2001 CNA ENDS


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