Cyprus News Agency: News in English (PM), 97-07-14

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

CONTENTS

[01] Cyprus Stock Exchange

[02] President briefs US envoy

1525:CYPPRESS:01

[01] Cyprus Stock Exchange

CSE All Share Index                    75.64 (-0.09)

Highest: 82.46 (2/1/97)
Lowest : 73.90 (30/1/97)

Sectural Indices

Banks                                  84.11 (+0.05)
Approved Investment Companies          64.04 (-0.03)
Insurance Companies                    58.83 (-0.51)
Industrial Companies                   77.89 (-0.61)
Tourist Industries                     64.12 (+0.69)
Commercial Companies                   48.23 (-1.21)
Other Companies                        62.10 (+0.29)

Trading Volume                         CYP 412889.844

CNA AP/1997

ENDS, CYPRUS NEWS AGENCY

2010:CYPPRESS:02

[02] President briefs US envoy

New York, Jul 14 (CNA) -- President Glafcos Clerides today briefed US Presidential Emissary for Cyprus, Richard Holbrooke, on the outcome of the first round of UN-led negotiations for a solution to the protracted Cyprus problem.

Holbrooke met President Clerides over an hour-long working breakfast, in New York, and is scheduled to meet later Monday with Turkish Cypriot leader, Rauf Denktash.

The US envoy refrained from making substantive statements, but said they had a "very good conversation," during which the President "gave me his views on the talks at Troutbeck."

To a question when he sees the US coming into the talks, Holbrooke replied there is "no decision on that" and gave the same answer with regard to his visit on the island.

The Cyprus talks between President Clerides and Denktash took place at the rural retreat of Troutbeck, near New York, between July 9 and 12, while a second round is expected to take place near Geneva, from August 11 to 16.

Speaking to the press, President Clerides said he briefed the US Presidential Emissary on the negotiations and they exchanged views on the future course.

Replying to a question, President Clerides said Holbrooke informed him when the US will become more active for a Cyprus solution, but refrained from revealing any details.

Asked to say what he expects from the next round of talks, the President said he "never expected that Geneva would produce a solution to the Cyprus problem. It is absurd to think that in the five days we are going to be in Geneva we will solve all the aspects of the Cyprus problem."

"It would be impossible even if we worked 24 hours out of 24 to cover all those subjects," Clerides said, pointing out that there are too many issues, beyond the constitutional, including those of demilitarisation, guarantees, accession to the European Union, the refugee problem, property and human rights.

Referring to the Geneva talks, the President said "the issue we will have before us to discuss is the content of a joint declaration" which will be issued if there is an agreement.

The joint declaration will also include the fundamental aspects of the Cyprus problem, he added.

Commenting on statements made by Denktash that none of the 200.000 Greek-Cypriots forced to flee their homes after the 1974 Turkish invasion and occupation of 37 per cent of Cyprus will be able to return, the President said "no progress can be achieved if Denktash comes to the talks with these views."

President Clerides left New York later today for London, where he is scheduled to meet Tuesday with British Prime Minister, Tony Blair.

Meanwhile, the UN Secretary-General's advisor on the Cyprus problem, Diego Cordovez, who chaired the Troutbeck talks, today briefed the 15 members of the Security Council on the results.

CNA MM/MA/AP/1997

ENDS, CYPRUS NEWS AGENCY

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