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Cyprus News Agency: News in English, 08-05-31

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

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


CONTENTS

  • [01] 4TH CENTURY BC SHIPWRECK
  • [02] ECB - CBC GOVERNOR
  • [03] EUROSTAT - UNEMPLOYMENT - CYPRUS
  • [04] CYPRIOT ELECTED TO FISpT

  • [01] 4TH CENTURY BC SHIPWRECK

    The first amphorae from a 4th century BC ship have been brought to the surface by a team of Cypriot experts. It is believed that the commercial vessel, possibly carrying wine from the Greek island of Chios, sunk off Cyprus southern coast. It is said to have been carrying about 500 amphorae.

    Dr. Stella Demesticha, Visiting Lecturer of Underwater Archaeology at the University of Cyprus, in charge of the research programme, has said that the wreck lies at a depth of 45 metres and the apmphorae had to be brought to the surface for study.

    We cannot be sure of its journey, nor of its destination but we believe it has passed by Chios and other islands in the Aegean around the middle of the 4th century BC and then arrived in Cyprus, she explained.

    She noted that so far scientists have not located anything else in the shipwreck except amphorae, adding that the shipwreck is under guard.

    Wine from Chios was believed to be of excellent quality. Of course no wine has been found but we are almost certain that the amphorae were filled with this very good quality red wine, she said.

    Replying to questions, she said the Mazotos shipwreck is the first Cypriot archaeological research.

    The project was undertaken by the Research Unit of Archaeology of the University of Cyprus in agreement with the Department of Antiquities and with funding from the Thetis Foundation. The research programme focused on the documentation of the shipwreck using photographic and drawing methods.

    The Department of Antiquities believes that the study of this shipwreck is expected to be of great significance for the nautical and economic history of the Eastern Mediterranean as it is one of very few shipwrecks of the Classical period found in the Eastern Mediterranean in such a good state of preservation.

    The results will throw light on important research questions such as the commercial relations between the North Aegean and the SE Mediterranean and the role of Cyprus in these transport routes during the last phases of the Cypriot city-kingdoms, as well as on types and sizes of ships amongst others.

    [02] ECB - CBC GOVERNOR

    The Central Bank of Cyprus has welcomed the 10-year anniversary since the establishment of the European Central Bank, saying it has gained prestige and credibility through its sound and steady policies. A statement issued here by the Governor of the Central Bank of Cyprus Athanasios Orphanides, to mark June 1 when the ECB started its operations, said the introduction of the euro in Cyprus this year is a unifying factor in the effort to unify the economy of the country. Orphanides said the ECB protects the European citizen to the best possible extent from the fallout of negative global developments.

    He described as historic for European integration the introduction of the euro in January 1999 in 11 EU members. The euro has become a strong international currency with an increasing clout in world trade and in monetary transactions. Today Cyprus is part of the euro area, which comprises 15 EU states, he noted. The Governor pointed out the ECB exercises successfully the unified monetary policy and its main objective is to maintain price stability, which is the foundation of maintaining economic development and prosperity in Europe.

    The ECB retains the lowest inflation and interest rates, compared to the past, he said, noting that the ECB has become a credible central bank equal to other big central banks, with a remarkable framework for decision-taking policy, with transparency and good communication policy. The introduction of the euro in Cyprus in January 2008 means economic and political benefits for the country, the Governor said, adding that the euro is a strong unifying factor in efforts to overcome problems and obstacles to reunite the local economy and subsequently contributing to the reunification of the country, which has been divided since the 1974 Turkish invasion.

    [03] EUROSTAT - UNEMPLOYMENT - CYPRUS

    The rate of unemployment in April in Cyprus reached 3,6%, remaining unchanged in comparison with March 2008. This is the third best rate in the EU and the second best in the Eurozone.

    According to data released by Eurostat, the euro area (EA15) seasonally-adjusted unemployment rate2 stood at 7.1% in April 2008, unchanged compared with March3. It was 7.5% in April 2007. The EU271 unemployment rate was 6.7% in April 2008, also unchanged compared with March3. It was 7.2% in April 2007.

    Eurostat estimates that 16.047 million men and women in the EU27, of which 11.072 million in the euro area, were unemployed in April 2008. Compared with March 2008, the number of persons unemployed increased by 16 000 and 60 000 respectively. Compared with April 2007, unemployment was down by 1.1 million in the EU27 and by 0.4 million in the euro area. Among the member states, the lowest unemployment rates were registered in Denmark (2.7%) and the Netherlands (2.8%), and the highest in Slovakia (10.0%) and Spain (9.6%).

    [04] CYPRIOT ELECTED TO FISpT

    Cyprus Sport Organisation (CSO) First Officer Efi Mouzourou Penintaex, who is in charge of the Sports for All programme in Cyprus, has been elected Vice President of the International Sport For All Federation (FISpT). She was elected to the post during the Federations General Assembly, held in Brussels on May 26.

    The General Assembly voted for the new Board of Directors for the period 2008-2011 and was attended by 56 representatives of 31 countries. A CSO press release said that having represented CSO at the annual General Assemblies and with a long experience and knowledge of the programme Sports for All Efi Mouzourou Penintaex has won the respect and appreciation of the representatives of all countries.

    As a result of this, she secured their overall support during the elections, in which she was a candidate for the first time and was elected to the honorary post of Vice President, the press release added. Abdul Rahim Isa Mohamed from Bahrein was elected President. Penintaex presented during the Assembly the Cyprus Programme Sports for All.


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